BNP Paribas sentenced in €7.95bn sanctions case

French bank BNP Paribas was sentenced to five years probation by a US judge yesterday in connection with a record $8.9bn (€7.95bn) settlement resolving claims it violated sanctions against Sudan, Cuba and Iran.

US district judge Lorna Schofield in Manhattan formally ordered the French bank to forfeit $8.83bn and pay a $140m (€125m) fine as part of a sentence.

The case marked the first time a global bank pleaded guilty to violations of U.S. economic sanctions, the Justice Department said.