Action was taken by American regulators after the BNP bank in - TopicsExpress



          

Action was taken by American regulators after the BNP bank in France was found conducting business with countries where the United States had imposed sanctions for political reasons. The fine is extremely large and reflects the Obama administration’s anger at France for flagrantly violating American wishes regarding sanctioned countries; BNP admitted guilt in the settlement. However, the French are angry as well. They are unhappy at being under the thumb of American regulators due to their exposure to global transactions in USD.
Posted on: Wed, 27 Aug 2014 23:12:51 +0000

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