Sunday, May 3, 2015

French bank paid US $ 8,970 million for violating sanctions … – El Nuevo Diario (Dominican Republic)

New York, May 1 (EFE) .- The French bank BNP Paribas was sentenced today in a New York court to pay compensation of 8,830 million dollars, a fine of 140 million and five years of supervision of its operations for missing American countries like Sudan, Iran or Cuba embargo.

The bank, pleaded guilty last June, today received the sentence, prosecutors said Manhattan South, and its prosecutor, Preet Bharara, he said BNP made the commercial transactions “deliberately and secretly to evade detection by US authorities”.

The penalty, according to the arguments of the prosecution, is so high because the illegal actions (process transactions with these countries through its offices in New York and in the US financial system ) were sustained over time for 11 years.

The financial penalty had already been announced last year following an investigation by years and months of negotiations with BNP and is the largest imposed by US authorities to a foreign bank.

Bharara reaffirmed today saying that the sentence “is appropriate for his years of criminal conduct broad spectrum” because, in particular The company, which is the largest bank in France, pleaded guilty to one count of falsifying financial documents and other conspiracy.

BNP is the seventh bank that accepts a penalty for violating the regime

Copyright
 2014 El Nuevo Diario | All
 rights reserved.

LikeTweet

No comments:

Post a Comment