‘ US Justice Department Expected to Announce a Fine of a Record $9 Billion for BNP Paribas for Sanctions Violations ‘

#AceFinanceNews – UNITED STATES (Manhattan) – June 30 – The US Justice Department is expected to unveil on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion, Reuters said.

The fine comes over alleged US sanctions violations by France’s biggest bank, sources said.

The penalties may also include a temporary ban on some dollar-clearing business and could hit BNP’s dividend payout, regulatory capital ratios and its investment banking targets, analysts say.

BNP is expected to plead guilty to a criminal charge in Manhattan Federal Court on Monday.