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.
- Jason Bellini, video reporter and senior producer for the Wall Street Journal. He tweets @jasonbellini.