French bank BNP Paribas admits to violating US sanctions, will pay nearly $9 billion

  • by: ERIC TUCKER , Associated Press
  • Updated: June 30, 2014 - 8:55 PM

WASHINGTON — France's largest bank, BNP Paribas, has agreed to pay nearly $9 billion to resolve criminal allegations that it processed transactions for clients in Sudan and other blacklisted countries in violation of U.S. trade sanctions, the Justice Department announced Monday. The bank pleaded guilty to state charges in New York and plans another guilty plea in federal court next month.

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