France's largest bank, BNP Paribas, will pay a fine of $8.8 billion for breaching U.S. sanctions on Iran and Sudan, making it the largest penalty in history for such a violation.
The BNP Paribas fine will settle a criminal investigation probe launched by the U.S. Treasury Department, the Department of Justice, the Manhattan District Attorney's Office and the New York Department of Financial Services.
France's largest bank, BNP Paribas, will pay a fine of $8.8 billion for breaching U.S. sanctions on Iran and Sudan, making it the largest penalty in history for such a violation.
The BNP Paribas fine will settle a criminal investigation probe launched by the U.S. Treasury Department, the Department of Justice, the Manhattan District Attorney's Office and the New York Department of Financial Services.
Here's why the punishment is bigger than any before...
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