BNP Paribas On Its Best Behavior Starting Now

Pinky swear!
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Must maintain this look of personal disappointment for first three years of probation.

There’ll be no banking with the Cubans or Iranians for five years, unless the U.S. decides to allow everyone in the class to do so, or unless CEO Jean Laurent-Bonnafé wants $9 billion to have disappeared in vain.

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

"There's no question the organization will not tolerate the kind of behavior we have seen in this case," Dirani said.

BNP Paribas sentenced in $8.9 billion U.S. sanctions accord [Reuters]

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