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France's Credit Agricole SA has agreed to pay the U.S. authorities $787 million to settle allegations that it illegally moved money through the U.S. financial system in violation of sanctions against Iran, Sudan and other countries, according to a person familiar with the matter.Credit Agricole has already made provisions totaling 1.6 billion euros ($1.82 billion) against litigation costs after taking a further 350 million euro charge related to the U.S. investigation in its second-quarter results.Credit Agricole is the latest foreign bank to settle charges of violating U.S. sanctions, with altogether about a dozen international banks, mostly European, having been hit by U.S. penalties totaling $14 billion since 2009 .
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