Region: Sudan

Lawsky hits Bank of Tokyo Mitsubsishi with US$315m sanctions penalty

The New York Department of Financial Services has fined the Japanese bank for “misleading regulators” over transactions with Iran, Sudan and Myanmar.

18 November 2014

BNP Paribas pays record fine after sanctions violations

After months of negotiations, French bank BNP Paribas yesterday pleaded guilty to violating US sanctions against Cuba, Iran and Sudan and agreed to pay an US$8.83 billion fine. The penalty is split between the Federal Reserve, which took US$508 million, the DoJ, which took US$3.

01 July 2014

BNP Paribas braces for record-breaking sanctions fine

French bank BNP Paribas will today plead guilty to violating sanctions, pay an US$8.9 billion fine, and will be forced to suspend its ability to process US dollar transactions, according to reports

30 June 2014

BNP Paribas settlement estimate drops to US$9 billion

BNP Paribas’s settlement with US authorities over alleged sanctions violations will amount to around US$9 billion, according to press reports today.

23 June 2014

Prediction for BNP Paribas fine climbs to US$10 billion

A leading US newspaper has predicted French bank BNP Paribas will be fined more than US$10 billion over charges that it violated US sanctions. According to The Wall Street Journal, the fine will be the second-largest ever imposed on a company behind JP Morgan's US$13 billion penalty last year, which was for misleading investors over mortgage securities, and is much more than BNP Paribas has set aside.

30 May 2014

Sudan to review corruption stories before publication

Sudan's government will set up a commission to check news stories about corruption before they are published, information minister Ahmed Bilal Osman announced on Friday. According to the Sudan Tribune, Osman said the commission will fact-check claims in news reports and does not intend to censor the press.

23 May 2014

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