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BNP Paribas To Pay Record $8.9 Billion Fine To U.S.

Tuesday, July 01, 2014

France’s largest bank, BNP Paribas, has pleaded guilty to criminal charges connected with violating U.S. sanctions against Sudan, Cuba and Iran. The bank has agreed to pay a record $8.9 billion fine to the United States.

Wall Street Journal reporter Jason Bellini tells Here & Now’s Robin Young that this is part of a strategy by the Justice Department that’s expected to try to charge other major banks for evading American sanctions.

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Source: NPR

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