French Bank BNP Paribas pleads guilty to violating rules in working with blacklisted countries

  • by: LARRY NEUMEISTER , Associated Press
  • Updated: July 9, 2014 - 6:30 PM

NEW YORK — BNP Paribas, France's largest bank, pleaded guilty Wednesday to a federal charge of violating U.S. economic sanctions by processing transactions for clients in blacklisted countries, a development that a Manhattan judge said should show that no financial institution is "immune from the rule of law."

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