Midweek Roundup: BNP Paribas Fined $11 Million for AML Violations, Egyptian Banks Sever Ties with Qatar, and More

French regulators said they fined BNP Paribas more than $11 million for anti-money laundering weaknesses after a 2015 investigation found the Paris-based lender had inadequate staff and tools to detect and report suspicious transactions, Reuters reported. More Several Egyptian banks reportedly stopped transacting with Qatari banks after Cairo, Saudi Arabia, the United Arab Emirates and Bahrain terminated diplomatic relations with Qatar over allegations that it is supporting terrorism, Reuters reported. More Goldman Sachs Group Inc. is conducting an internal investigation into the purchase of nearly $3 billion in Venezuelan state oil bonds amid alleged White House concerns that the deal...