U.S. Chamber Seeks Leniency on Terrorist Financing

Thursday, June 12, 2014
From The Financial Times:

US Chamber of Commerce voices concern over potential BNP fine

The US Chamber of Commerce, the powerful American business lobby, has voiced concern about the potential scale of a fine on French bank BNP Paribas by US regulators, echoing anxious demands by the French government for moderation.

Speaking in Paris, Myron Brilliant, head of international affairs for the USCC, said the Chamber might “weigh in” on the issue if BNP was hit by “excessive” penalties for breaking US sanctions on doing business with Iran, Sudan and Cuba.

“We worry about actions by government and other entities that could undermine the business environment and create uncertainty,” Mr Brilliant told the Financial Times. “We do not want to see a chilling impact on investment into the US.”