Recent news reports indicate that BNP Paribas SA, the French bank, may pay a fine of $8-9 billion as part of a guilty plea for intentionally circumventing US sanctions in transactions worth a reported $30 billion. In addition to the guilty plea and fine, reports indicate that the New York Department of

Financial Services is seeking the termination of more than 30 employees at the bank and may also impose a temporary ban on the bank’s ability to clear transactions in US Dollars.

Wall Street Journal Article