US seeks to fine BNP $10bn for busting sanctions

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BNPPari Reuters. People walk in front of a branch of French BNP Paribas bank in Marseille.

Washington - The US is seeking more than $10 billion from French bank BNP Paribas to settle charges it violated US sanctions on Iran, Sudan and Cuba, the Wall Street Journal reported Thursday.

Citing people familiar with the negotiations between the bank and the Justice Department, the newspaper said the two sides are still locked in talks, and that BNP wants to pay less than $8 billion. - Sapa-AFP

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