French Banks Investigated for Sanctions Violations

Saturday, March 8, 2014
From RFI:

US probes three major French banks over sanctions-busting

US finance officials have accused the French banks Société Générale, BNP Paribas and Crédit Agricole of sanctions-busting and money-laundering, sources say.

The three French banks are being investigated for violating US embargoes and sanctions on countries like Cuba, Iran and Sudan and for embezzlement and money-laundering," the source told the AFP.