Paris Bank Forfeits Billions to US in Sanctions Violations

A huge Paris-based bank, BNP Paribas, has forfeited some $8.8 billion to the U.S. Department of Justice after it was convicted of handling funds in violation of U.S. sanctions against Iran, Cuba and Sudan. Now U.S. justice officials are considering whether to use part of that forfeiture to compensate people harmed by the three governments. New York State banking regulators, who worked alongside federal authorities on the BNP case, say BNP cleared more than $190 billion involving Iran,...

© La Voix de l'Amérique - mardi 19 mai 2015