Bank BNP Paribas pleads guilty to violating rules
NEW YORK (AP) — BNP Paribas, France's largest bank, pleaded guilty Wednesday to a federal charge of violating U.S. economic sanctions by processing transactions for clients in blacklisted countries, a development that a Manhattan judge said should show that no financial institution is "immune from the rule of law."/ The plea to conspiring to violate the International Emergency Powers Act and the Trading with the Enemy Act came a week after the bank agreed to forfeit roughly $8.9 billion as it pleaded guilty to charges in state court in New ...
Click
To Read Full Article