BNP Paribas Exec May Step Down In Wake of Scandal

Mark Melin

Published onJune 5, 2014

Updated on May 13, 2021

A senior BNP Paribas SA (ADR) (OTCMKTS:BNPQY) (EPA:BNP) manager may resign from his post as part of a negotiated settlement with US authorities, the New York Times is reporting.

Table of Contents

Engineering money transfers to Sudan, Iran

France’s largest bank is accused of engineering money transfers into Sudan and Iran, nations on the US list of banned nations. France has no such ban and the bank was reported to have received a legal opinion that conducting business with Sudan and Iran might be acceptable so long as it was conducted outside...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

BNP Paribas Exec May Step Down In Wake of Scandal

Engineering money transfers to Sudan, Iran

Login required to continue reading.

Get Your Business News