Fed terminates 2014 enforcement actions against France's BNP for sanctions issues
Reuters
Published Feb 06, 2024 16:03
WASHINGTON (Reuters) - The Federal Reserve announced Tuesday that it had lifted a pair of 2014 enforcement actions it imposed on France's BNP Paribas (EPA:BNPP), after the bank overhauled its compliance with U.S. sanctions laws.
The penalties were imposed as part of a sweeping $9 billion settlement over charges the bank helped black-listed countries evade U.S. sanctions. The enforcement actions subjected the bank to intensive oversight from authorities.
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Written By: Reuters
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