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
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 https://violationtracker.goodjobsfirst.org/violation-tracker/-bnp-pariba...

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 Parent: 
France
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.