U.S. imposes record fine on BNP

http://ift.tt/eA8V8J * Bank persistently violated U.S. sanctions over 8-year period * BNP says will keep 2014 dividend unchanged from last year NEW YORK/WASHINGTON/PARIS, July 1 (Reuters) - French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated U.S. sanctions against Sudan, Cuba and Iran, in a severe punishment aimed at sending a clear message to other financial institutions around the world. The BNP Paribas guilty plea is the direct consequence of a broader U.S. Justice Department shift in strategy that is expected to snare more major banks for possible money laundering or sanctions violations.



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