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>> BNP PARIBAS Latest News

JUN 24, 2014 - Yahoo! News

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BNP said to move compliance operations to U.S. as settlement nears

By Karen Freifeld, Aruna Viswanatha and Steve Slater NEW YORK/WASHINGTON (Reuters) - BNP Paribas SA is relocating its U.S. sanctions compliance operations to New York from Paris, ahead of a nearly $9 billion settlement it is expected to reach with U.S. authorities over violations of sanctions on Sudan and other countries, according to people familiar with the matter. Sanctions compliance involves screening and analyzing transactions to make sure they don't run afoul of U.S. laws that bar moving money on behalf of certain designated parties, including those in Iran and Sudan. Some people ... Read More

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