BNP Paribas sanctions fine to help terror victims


At least $3.8bn forfeited by BNP Paribas for breaking U.S. sanctions will be used to help victims of terrorist attacks, some of whom have waited more than 17 years without seeing a cent.

Bloomberg News reports that a new law allows money forfeited to the U.S. to be used to compensate victims of state-sponsored terrorism. Among them are victims of al-Qaeda’s 1998 bombings of U.S. embassies in Kenya and Tanzania, prosecutors said in a court filing Thursday. The twin bombings killed 224 people and wounded thousands.

“We are so grateful," James Ndeda, whose skull was fractured in the attack of the embassy in Nairobi, Kenya, said in an e-mail Thursday.

BNP admitted in 2014 that it engaged in a long-running conspiracy to violate sanctions by processing billions of dollars in banned transactions involving Sudan, Iran and Cuba from 2004 to 2012. It agreed to pay $8.97bn.

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BNP Sanctions Forfeitures to Be Used to Help Terror Victims

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