Violation Tracker Individual Record

Company: 
BNP Paribas S.A.
Current Parent Company: 
BNP Paribas
Penalty: 
$2,243,400,000
Year: 
2014
Date: 
June 30, 2014
Primary Offense: 
economic sanction violation
Violation Description: 

BNP Paribas pleaded guilty and was ordered to pay $2.2 billion to the Manhattan District Attorney's Office and the City of New York in connection with charges that it violated New York State law by conspiring to and falsifying the records of New York financial institutions, allowing clients to avoid U.S. economic sanctions meant to prohibit transactions with Sudanese, Iranian and Cuban entities. This and another $2.2 billion penalty paid directly to the state were part of a larger $8.8 billion settlement involving the federal government; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-bnp-pariba...

Level of Government: 
local
Action Type: 
agency action
Agency: 
Manhattan (NY) District Attorney
Civil or Criminal Case: 
criminal
Private Lawsuit Resolution Type: 
verdict
Facility State: 
New York
Facility County: 
New York
Facility City: 
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.