News In Brief

Ticker

BNP Paribas facing €7bn fine in US sanctions dispute

23.06.14 @ 18:09

  1. By EUOBSERVER

French bank BNP Paribas is set to pay a $9 billion fine [€7 billion] as part of a potential settlement with U.S. authorities, Reuters reports. BNP faces charges that it evaded US sanctions relating to Sudan between 2002 and 2009 on financial transactions worth $30 billion [€23 billion].