Sanctions compliance a struggle for banks

Banks facing wider sanctions and tougher enforcement


US regulators are on the warpath over sanctions violations. The fine of $8.9 billion imposed on BNP Paribas at the end of June sent out a signal that those who breach the restrictions should expect a heavy punishment.

BNP Paribas was found to have been trading with Iran, Cuba and Sudan between 2004 and 2012, in what the US attorney general Eric Holder called "a complex and pervasive scheme to illegally move billions through the US financial system". The French bank pleaded guilty to two criminal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: