The FCA fine is part of an approximate US$475 million global resolution agreement announced today involving the US Department of Justice, the US Securities and Exchange Commission, and the Swiss Financial Market Supervisory Authority (FINMA). The FCA would like to thank these agencies for their co-operation. The FCA took into account Credit Suisse's undertaking to forgive US$200m of debt owed by the Republic of Mozambique when determining its financial penalty. Credit Suisse also agreed to resolve this case with the FCA, qualifying it for a 30% discount in the overall penalty. Without the debt relief and this discount, the FCA would have imposed a significantly larger financial penalty.