Fed levies record fine on sanctions-busting BNP Paribas

bnp-paribas-uk1-web

The Federal Reserve has levied its biggest ever fine as part of the almost $9 billion penalty that French banking group BNP Paribas (BNPP) is being required to pay in the US for "deliberately and repeatedly" violating US sanctions against Sudan, Cuba and Iran.

The Fed's portion of the fine totalled $508 million, with most of the rest levied by the Department of Justice (DoJ) and the Treasury's Office of Foreign Assets Control. The rest is levied by various New York State authorities.

The Fed's p

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: