Search

Editors

Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in BNP Paribas (10)

Wednesday
Sep162015

Are settlements a deterrent or a dodge?

The DOJ has unveiled new guidance to federal prosecutors about bringing criminal cases against individuals in instances of corporate wrongdoing.

Click to read more ...

Tuesday
Oct072014

How Alcoa avoided a $1 billion criminal fine while others got hammered

Leslie Caldwell, chief of the DOJ's criminal division, talked at last week's Annual Ethics and Compliance Conference in Atlanta. She covered the ten hallmarks of an effective compliance program and cooperation with the DOJ in FCPA and other white-collar investigations. Her examples of good and bad corporate behavior came from real life.

Click to read more ...

Thursday
Aug072014

StanChart faces New York action for high-risk transactions

Two years after state and federal authorities punished British bank Standard Chartered for doing business with sanctioned countries like Iran, it has once again become the subject of an investigation for failing to weed out other risky transactions.

Click to read more ...

Friday
Jul252014

Bank of America pays $16.6 million for violating drug trafficker sanctions

Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed hundreds of transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said Thursday.

Click to read more ...

Friday
Jul252014

BNP Paribas hit with $80 million false claims judgment

BNP Paribas image courtesy of Rt.com via YouTubeThe DOJ said Thursday that a federal court entered an $80 million False Claims Act judgment against French bank BNP Paribas for defrauding a taxpayer-funded program designed to encourage American exports.

Click to read more ...

Friday
Jul112014

BNP compliance staff first warned top execs, but later disguised misconduct 

Image courtesy of RT.com via YouTubeBNP Paribas SA ignored the warnings of its compliance staff as the bank broke U.S. sanctions, but the compliance team helped hide the origins of the transactions from U.S. authorities, according to the bank's guilty plea this week.

Click to read more ...

Thursday
Jul102014

Judge accepts BNP guilty plea for sanction offenses

BNP Paribas pleaded guilty Wednesday to a charge of violating U.S. economic sanctions by processing transactions for clients in blacklisted countries, a development that a U.S. judge said should shows that no financial institution is "immune from the rule of law."

Click to read more ...

Tuesday
Jul082014

Who should pay for BNP's crimes?

On June 30, the Justice Department and other federal and state agencies announced the long awaited settlement in the BNP case. The bank forfeited $8.8 billion and paid fines of $140 million for the “hat-trick of sanctions violations” -- unlawfully offering the U.S. financial markets to three sanctioned countries: Sudan, Iran and Cuba.

Click to read more ...

Tuesday
Jul012014

BNP admits guilt, fined $8.9 billion for U.S. sanctions violations

Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas (Image courtesy of Euro Business Media via YouTube)French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9 billion penalty for transferring billions of dollars on behalf of blacklisted Sudan, Iran and Cuba, U.S. authorities said Monday.

Click to read more ...

Monday
Mar102014

U.S. probes two French banks for possible sanctions, AML violations 

French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.

Click to read more ...