July 11, 2014
We mentioned last week that BNP Paribas, the French bank fined a record $9 billion for sanctions violations, was mainly involved with Sudan, not Iran. Now we have the numbers. Of the $10.2 billion that BNP funneled illegally through the US banking system, 82 percent was on behalf of Sudan, 12 percent on behalf of Iran and the remaining 6 percent for Cuba and Burma.