UPDATE 3-BNP Paribas sentenced in $8.9 bln accord over sanctions violations

viernes 1 de mayo de 2015 17:28 GYT
 

* BNP sentenced to five years probation, must pay $8.9 billion

* Some money going to victims of Sudan, Cuba and Iran, U.S. says

* Victims of 1998 embassy bombings disappointed by compensation (Adds reaction from 1998 embassy bombing victims)

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 that also called for BNP Paribas to enhance its compliance procedures and policies.

Some of that money could now go to people harmed by the three sanctioned countries under a program the U.S. Justice Department announced in court.

Georges Dirani, BNP's general counsel, told the judge that the bank accepted "full responsibility for its conduct," and was under CEO Jean-Laurent Bonnafé's personal supervision already improving its policies.

"There's no question the organization will not tolerate the kind of behavior we have seen in this case," Dirani said.   Continuación...