French bank BNP Paribas is braced for a record fine of almost $9 billion for breaching U.S. sanctions, according to media reports.

The punishment for helping clients dodge sanctions on Iran, Sudan and Cuba will also include a temporary ban on BNP Paribas (BNPQF) clearing payments in dollars, starting in January, the Financial Times reported Monday.

"I want to say it clearly here: we will receive a heavy penalty," BNP Chief Executive Officer Jean-Laurent Bonnafe was quoted as saying by Reuters in an internal email to staff.

BNP Paribas declined to comment.

U.S. authorities are expected to reveal details of the settlement later Monday, concluding a long-runningcriminal investigation.



Recent Articles

Date Title
6/30/14 Current Record
6/30/14 Google Boss Eric Schmidt Leads a Visit to Cuba
Stephanie Burnett, TIME
6/30/14 The Party and the Army: Civil-Military Relations in Cuba
William LeoGrande, Huffington Post
6/30/14 Republican Party No Longer Has Tight Grip On Cuban-American Vote
Serafin Gomez, Fox News Latino
6/27/14 Lift embargo to protect our shores
Editorial Opinion, Sun Sentinel
6/27/14 Travel Freedom Raises Questions About U.S. Policies Toward Cuba
Greg Allen, NPR
6/26/14 Cuban-Americans Are Getting Over Republicans
Ana Benedetti & Roque Planas, The Huffington Post
6/26/14 U.S.-Cuba policies are wasted on the old
Julia Cooke, Al Jazeera
6/25/14 Alan Gross' Wife Visits, Fears He Will 'Do Something Drastic'
Elizabeth Chuck, NBC News
6/25/14 After decades of GOP support, Cubans shifting toward the Democratic Party
Jens Manuel Krogstad, PEW Research Center
6/25/14 Cuba's Mariel Port: Once An Escape, Now A Window To The Future
6/24/14 With Cash And Fat Fryers, Americans Feed Cuba's Growing Free Market
NPR
6/23/14 Growing numbers of influential voices are calling for the Obama administration to lift the longstanding U.S. embargo of Cuba
New York Daily News
6/21/14 Cuba ends censorship — NOT
Juan Tamayo, El Nuevo Herald
6/17/14 Poll: Support for warmer relations with Cuba grows among Cuban Americans in Miami-Dade Files
Juan Tamayo, El Nuevo Herald
6/17/14 Poll: Miami Cuban-Americans Support End to Embargo
Associated Press
6/17/14 New Poll of Cuban Americans Confirms Growing Support for Engagement With Cuba
William LeoGrande, Huffington Post
6/17/14 Cuba's Catholic Church may restrict rare forum for open debate
Marc Frank, Reuters
6/17/14 Miami exiles pressure U.S. to loosen policy on Cuba
David Adams, Chicago Tribune
6/17/14 Bacardi chairman: Family split about embargo
Cuba Standard
6/17/14 Can the U.S. Force Cuba to Reform? Not a Chance.
Jose Cardenas, Foreign Policy
6/13/14 Denying Visas to Cuban Scholars Cripples Obama's Policy of Engagement
William LeoGrande, Huffington Post
6/13/14 The Anti-Cuba Lobby Has Jumped the Shark
Chris Sabatini, Foreign Policy
6/13/14 Time to rethink 'concession' mentality on Cuba
Ric Herrero, CNN.com
6/11/14 Top dissidents detained in Cuba
MiamiHerald.com
6/11/14 Longtime editors out at Cuban Catholic magazine
MiamiHerald.com
6/11/14 U.S. policy toward Cuba is frozen in the past
Katrina Vanden Heuvel, The Washington Post
6/10/14 Clinton Position On Cuba Signals New Political Era
NPR Blogs
6/9/14 Cuba. Ocho detenidos por fraude con exámenes de ingreso universitario
Fox News Latino - Español
6/9/14 Not Against All Cuba Sanctions, Just Dumb Cuba Sanctions
Ricardo Herrero, Huffington Post
6/9/14 Venezuela gives US foreign policy makers a headache
John Paul Rathbone, Financial Times
6/6/14 Clinton says she urged to end Cuba embargo
Mathew Lee, AP
6/5/14 BNP Paribas Fine Seen Eclipsing Past U.S. Sanctions Cases
Bloomberg
6/4/14 Despite administration denials, U.S. Rep. Ileana Ros-Lehtinen thinks Obama wants Cuba spy-swap
MiamiHerald.com
6/2/14 More than 1 mn foreign tourists visit Cuba
Fox News Latino - Español
6/2/14 Cuba agent: Guantánamo prisoner swap a precedent
MiamiHerald.com
6/1/14 Cuban high schoolers may come to U.S.
MiamiHerald.com
6/1/14 Cuba experiments with wholesale market for farmers
Reuters Special Coverage News