With this fine the authorities are attempting to close the criminal investigation of BNP currently underway, for allegedly violating economic sanctions imposed by the U.S. government on the aforementioned countries, between 2002-2009. If substantiated, this will be one of the largest fines imposed by the U.S. on a bank
The sources stated that BNP is attempting to reduce the fine to eight billion dollars (more than 5.8 million euros).
The U.S. Justice Department announced last week that an agreement had been reached with Swiss bank, Credit Suisse, also fined for doing business with Cuba, pleading guilty to fiscal evasion and paying a fine of 2.5 million dollars.
The report also stated that Justice Department attorneys continue to pressure BNP to plead guilty to the charges, which could potentially, put its banking license in the U.S. at risk. (Cubadebate)