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Weekly Roundup: Discover Settles BSA Issues Raised in FDIC Order, EU Court Ends Syrian Bank Ban, and More
printBNP Paribas SA, which is reportedly negotiating a $10 billion settlement for sanctions violations, allegedly ignored warnings by legal experts in 2006 about possible fines for breaking sanctions laws, Reuters reported Friday. The experts, including former U.S. Treasury Under Secretary for Terrorism and Financial Intelligence Stuart Levey, advised the bank to be "vigilant" in its sanctions monitoring program. More Separately, the bank's chief operating officer is stepping down at the end of the month and officially retiring Sept. 30. Georges Chodron de Courcel's departure was requested by New York State's banking regulator as part of the pending settlement for sanctions...
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