BNP faces record-breaking fine and punishment in U.S. for breaking sanctions
BNP Paribas has pled guilty to two criminal charges of breaking U.S. sanctions against trade with Sudan, Iran and Cuba. The bank will be prevented from clearing certain transactions in U.S. dollars for one year from the start of 2015, as well as pay $9 billion in fines.
By Juliana Kenny|July 02, 2014
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