Dan BarnesInformation Corporation - London
11 June 2014 | 1723 views | 0 | Recommends 0
BNP Paribas is in a real fix. It faces censure for allegedly being found guilty of breaching US rules on money laundering, and of breaching US sanctions, between 2002 and 2009. These alleged breaches relate to Cuba, Iran and Sudan. The risks involved for the bank are potentially terminal; the fine it is threatened with – rumoured to be around US$1...
TagsRisk & regulationWholesale banking