News reports have indicated that BNP Paribas, a French bank, is in negotiations with US authorities, including the Justice Department (DOJ), the Treasury Department’s Office of Foreign Assets Control (OFAC) and the New York State Department of Financial Services (New York DFS), to settle allegations of conducting transactions with sanctioned countries through its US business. According to news reports, the DOJ is seeking a guilty plea and a monetary forfeiture between $8 billion and $10 billion, and the New York DFS is seeking the termination of several high-level employees.

New York Times Article

Wall Street Journal Article