BNP Paribas Nears Up To $9 Billion Settlement With U.S. Authorities: Source
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 the bank 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.
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