Following the agreement signed between the US authorities and BNP Paribas
The US Authorities have published today the agreement reached about the outcome of the pending procedures concerning BNP Paribas for transactions which in the past violated US applicable Law involving sanctions against specific countries (Sudan, Iran, Cuba) and Specially Designated Nationals. This involves a global money penalty of 8,9 bn$, a suspension of the capacity of the branch to clear in the US certain transactions for a period of one year starting January the 1st, 2015, a restriction on the employment of certain individuals and a specific compliance program.
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- Published on 06/30/2014
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