(Reuters) – UniCredit Group, Italy’s biggest bank by assets, has agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday.

FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini/File Photo

As part of the resolution, German unit UniCredit Bank AG will plead guilty in both federal court in Washington, D.C., and New York state court. The charges stem from the bank’s illegally moving hundreds of millions of dollars through the U.S. financial system on behalf of sanctioned entities, the U.S. Department of Justice and the Manhattan District Attorney Cyrus Vance Jr. said.

Another unit, UniCredit Bank Austria AG entered