BNP Paribas Nears $9 Billion Settlement With Justice Department – ValueWalk Premium
Penalties for sanctions violations BNP Paribas

BNP Paribas Nears $9 Billion Settlement With Justice Department

Sources are reporting that BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY) and U.S. prosecutors have reached a broad level agreement whereby the French bank would pay $8 billion to $9 billion to settle allegations it violated U.S. sanctions relating primarily to Sudan between 2002 and 2009.

The proposed settlement could include the French bank pleading guilty to a criminal charge of violating the International Emergency Economic Powers Act.
BNP Paribas in DOJ’s target zone
According to an

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