BNP To Pay Nearly $9B To The US For Sanctions Violations Involving Sudan, Iran, Cuba

The latest multi-billion dollar bank fine stands out against a backdrop of the usual Wall Street shenanigans such as defrauding clients or allegations related to the financial crisis because it involves a French bank accused of helping funnel money to some of the most nefarious regimes on the planet. In one of the largest fines ever levied by U.S. officials, Paris-based bank BNP Paribas SA (EPA:BNP) will reportedly pay a $9 billion dollar fine and probably plead guilty to criminal charges that i...