BNP Paribas facing US$3.5 billion fine

French bank BNP Paribas could be fined as much as US$3.5 billion for breaking US sanctions in Iran and Sudan, according to reports. Earlier this year, BNP Paribas set aside US$1.1 billion in anticipation of any fines but the situation has since escalated with speculation that the bank could be compelled into making a guilty plea.

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