BNP Paribas has settled up for their systemic efforts to use the U.S. banking system to launder money for Iran, Sudan, and Cuba.
Here are the plea agreements:
- federal level, 1 guilty plea – 1 count of violating the International Emergency Economic Powers Act
- state level, 2 guilty pleas – 1 count Falsifying Business Records in First Degree and 1 count Conspiracy in the Fifth Degree.
The dollar amount of laundered money is 6 times larger than any previous press reports suggest. All earlier comments said about $30B was involved.