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BNP Paribas said ignored warning signs prior to huge fine

Red Warning Light

In December 2005, ABN Amro reached an $80m settlement with US regulators over breaking sanctions against Iran, Cuba and Sudan. And for one compliance official at BNP Paribas – where concerns had been raised about the same issues – the cat was now out of the bag.

BNP Paribas close to agreement with regulator

Thumbs Up At Desk

BNP Paribas, seeking to settle claims it violated U.S. sanctions, is close to an agreement with New York state’s top banking regulator that would curtail some of its dollar-clearing operations for as long as a year, according to a person familiar with the matter.

US said seeking more than $10bn from BNP Paribas

Piggy Bank

U.S. authorities are seeking more than $10bn from BNP Paribas to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to a person familiar with the matter.

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