According to previous estimations, the bank had to pay US $900 million, but the amount was reduced through the course of negotiations.
The agreement may be announced this week, the source said. The bank is expected to fully recognize its guilt in violating US laws which would help it to avoid any prosecution.
According to the source, some of the bankers responsible for the offense have already been dismissed.
Last year, French bank BNP Paribas agreed to pay $8.97 billion dollar fine for violation of the sanctions regime against Cuba, Sudan and Iran.
The difference in the amount of the fines arises from the fact that the financial transactions carried out by Credit Agricole were smaller and that the bank agreed to cooperate with the authorities in a quicker manner.
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