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CEO Bonnafe Tells Employees BNP To Be Heavily Sanctioned By U.S.

wochit politics
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June 28, 2014 AT 4:43 AM
A French TV channel reported on Saturday that Jean-Laurent Bonnafe, Chief Executive Officer at BNP Paribas, said in a message to employees that the French bank will be heavily penalised by a U.S. probe into sanctions busting which should end "very soon." BNP Paribas declined to comment. U.S. authorities are probing whether BNP Paribas evaded U.S. sanctions relating primarily to Sudan, between 2002 and 2009, sources have said.