BNP Paribas sentenced in $8.9 billion U.S. sanctions accord
By Nate Raymond
NEW YORK May 1 (Reuters) - BNP Paribas SA was sentenced to five years probation by a U.S. judge on Friday in connection with a record $8.9 billion settlement resolving claims that it violated sanctions against Sudan, Cuba and Iran.
U.S. District Judge Lorna Schofield in Manhattan formally ordered the French bank to forfeit $8.83 billion and pay a $140 million fine as part of a sentence.
The case marked the first time a global bank pleaded guilty to violations of U.S. economic sanctions, the Justice Department said. (Editing by Ted Botha)
© Thomson Reuters 2017 All rights reserved.