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Violation Tracker Individual Record

Company: BNP Paribas S.A.
Current Parent CompanyBNP Paribas
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $350,000,000
Year: 2017
Date: May 24, 2017
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: foreign exchange market manipulation
Violation Description: BNP Paribas S.A. and its New York branch agreed to pay a $350 million fine as part of a consent order entered into with the New York State Department of Financial Services for violations of New York banking law arising out of the bank's global foreign-exchange business. The violations were said to have included deficiencies in the bank's oversight that allowed nearly unfettered misconduct by more than a dozen BNPP traders and salespeople.
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.