French Bank Agrees to Pay $8.9 Billion Penalty for Helping Iran and other Governments Sanctioned by U.S.

By: Noel Brinkerhoff & Danny Biederman

Article Reprintfrench bank

French bank BNP Paribas S.A. has agreed to pay nearly $9 billion in penalties for helping the governments of Iran and other nations avoid U.S. economic sanctions by processing billions of dollars through its accounts.

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