NEW YORK (Reuters) The U.S. Department of Justice has ended a criminal investigation against Societe Generale SA (OTC:) SA in connection to U.S. sanctions violations. After the French bank agreed that it would pay $1.34 billion, and the terms of a 3-year deferred prosecution arrangement.

Societe Generale paid the amount in November 2018, to pay federal and New York state claims. It had handled transactions worth billions of dollar for entities associated with embargoes and sanctions countries like Cuba, Iran, Libya, and Sudan from 2003 to 2013.

Manhattan’s U.S. District Court Judge Kevin Castel on Tuesday signed an Order in which Justice Department stated that they “would not now proceed with prosecuting Societe Generale” because it had observed its three year agreement.

Societe Generale agreed to pay $95M to resolve the claims of a New York regulator that it had misunderstood anti-money laundering regulations.

At the time, the bank acknowledged that it regretted certain settlement errors and stated it would work with authorities to correct them.

Societe Generale received $1.34 Billion in damages for violating U.S. Sanctions.

France’s BNP Paribas paid out approximately $8.9 Billion to the largest payout (OTC:) SA for 2015.

Companies can avoid criminal prosecution by agreeing to deferred prosecution.