This Note proceeds in five parts. Part II provides a brief discussion of U.S. trade sanction law. Part III reviews three selected foreign bank settlements prior to BNPP’s settlement. Part IV outlines the BNPP case and the actions that lead to such a large sanction and settlement. Part V discusses BNPP’s lack of cooperation and compliance and how this affected the settlement. Part VI concludes by examining the implications of the sanction and the lessons that foreign banks can learn from BNPP’s actions.
Jason A. Burner,
The Tour de Fraud: What Foreign Banks Can Learn From the BNP Paribas Settlement,
N.C. Banking Inst.
Available at: https://scholarship.law.unc.edu/ncbi/vol19/iss1/12