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BNP close to US$9b settlement over violation of US sanctions

Bank could also be banned temporarily from handling transactions in US dollars

[WASHINGTON] BNP Paribas is close to an agreement to plead guilty and pay US$8 billion to US$9 billion to settle allegations that it violated US sanctions, according to a person familiar with the negotiations.

The French bank intentionally hid transactions amounting to about US$30 billion...

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