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According to a person familiar with the matter, French bank BNP Paribas SA is likely to pay $8 billion to $9 billion as part of a potential settlement with U.S. authorities over violations of sanctions. U.S. authorities are probing whether BNP Paribas evaded U.S. sanctions relating primarily to Sudan between 2002 and 2009, and whether it stripped out identifying information from wire transfers so they could pass through the U.S. financial system without raising red flags, sources have said. BNP Paribas has been negotiating on an almost daily basis with U.S. authorities for weeks. The investigation has turned up more than $100 billion in books and records violations transactions involving Sudan, Iran and Cuba, one source said on Sunday.

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