The Traderszone Network

Published in TZ Latest News 9 July, 2014 by The TZ Newswire Staff

BNP pleads guilty for second time in $9 billion U.S. sanctions accord

BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba and Iran. U.S. District Judge Lorna Schofield accepted the plea at a hearing in Manhattan federal court. BNP Paribas admitted to having conspired from 2004 to 2012 to violate the International Emergency Economic Powers Act and the Trading with the Enemy Act.