With $9 Billion Tab, BNP Paribas Pleads Guilty to Three Criminal Counts

By Colby Adams and Kira Zalan

BNP Paribas pleaded guilty and agreed to pay nearly $9 billion to settle charges that it knowingly violated U.S. sanctions against four nations despite previous warnings from American officials. From 2004 to 2012, France's largest bank conspired to move at least $8.97 billion through the United States on behalf of individuals and corporations included on American sanctions lists, BNP admitted Monday. The bank obscured the role of blacklisted clients in the transactions by omitting incriminating data on interbank messages. In a statement, the Federal Reserve said it had barred BNP Paribas from rehiring 11 former employees involved in the violations...