BNP Paribas Pleads Guilty, Will Pay $8.9 Billion for Sanctions Violations

Monday, June 30, 2014
Notice how banks that get caught doing business with one state-sponsor of terrorism, also happen to be doing business with all other (or most other) state-sponsors of terrorism.

From Reuters:

BNP pleads guilty, agrees to forfeit $8.8 bln in sanctions case

BNP Paribas on Monday pleaded guilty to two criminal charges and agreed to forfeit $8.83 billion, as part of a broad investigation into allegations the French bank violated U.S. sanctions laws.

A lawyer for BNP briefly appeared in New York state court on Monday, to answer one count of falsifying business records, and one count of conspiracy.

One of the prosecutors said BNP engaged in a "long-term, multi-jurisdictional conspiracy" to violate sanctions laws by facilitating transactions involving Sudan, Cuba, and Iran.