The financial giant admitted charges relating to currency trading for clients in
The settlement comes after months of protracted negotiations with prosecutors.
The bank hid the names of Sudanese and Iranian clients when sending transactions through its New York branches and the broader American financial system.
"The settlement is the
"The agreement is the result of an interagency effort to investigate institutions that abuse the U.S. financial system and undermine U.S. sanctions programs."
Under the agreement, BNP must introduce measures to guard against sanction violations in the future.
Biggest fines to European banks by U.S. authorities:
Violating US sanctions
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