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Violation Tracker Individual Record

Company: BNP Paribas
Current Parent Company: BNP Paribas
Penalty: $2,240,000,000
Year: 2014
Date: June 30, 2014
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: The New York State Department of Financial Services announced that BNP Paribas would pay a penalty of $2.24 billion tas part of the resolution of allegations that it engaged in a scheme to concealed more than $190 billion in transactions between 2002 and 2012 for clients subject to U.S. sanctions, including Sudan, Iran, and Cuba. The penalty was part of a larger $8.8 billion settlement that also included a federal criminal case; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: France
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.