BNP to Pay $8.9 Bln in Sanctions Case, Holder Says

BNP to Pay $8.9 Bln in Sanctions Case, Holder Says Play

June 30 (Bloomberg) -- Attorney General Eric Holder speaks about BNP Paribas SA's agreement to plead guilty to violating U.S. sanctions and pay a record $8.9 billion penalty. BNP, France’s largest bank, admitted that it processed almost $9 billion in banned transactions from 2004 to 2012 involving Sudan, Iran and Cuba, the Justice Department said. Federal Bureau of Investigation Director James Comey, New York County District Attorney Cyrus Vance, the Internal Revenue Service's Rich Weber, and the Justice Department's James Cole, Leslie Caldwell and Preet Bharara also speak at the news conference. (Source: Bloomberg)

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