BNP Paribas on probation

Magnifying Glass

BNP Paribas was sentenced to five years probation by a U.S. judge on Friday in connection with a record $8.9bn settlement resolving claims that it violated sanctions against Sudan, Cuba and Iran.

BNP Paribas wins reprieve

Justice Scales

BNP Paribas won a government waiver that lets affiliates continue to operate as asset managers in the U.S., something that was in doubt after the bank admitted violating American sanctions on nations such as Iran.