Deutsche Bank AG and Deutsche Bank AG New York Branch agreed to pay US $258 million to resolve allegations by the New York State Department of Financial Services that it used “non-transparent ways” to help facilitate US dollar payments to financial institutions and other entities from Iran, Libya, Syria, Burma and the Sudan, which were subject to US economic sanctions at the time. According to NYSDFS the bank engaged in more than 27,200 prohibited transactions valued at over US $10.86 billion from at least 1999 through 2006. Five regulators, including NYDFS, settled charges last month against Credit Agricole S.A. and Credit Agricole Corporate & Investment Bank for also allegedly engaging in prohibited transactions with countries and entities subject to US financial sanctions between 2003 and 2008.