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Midweek Roundup: BNP Fine Could Reach $2 Billion, Lawmakers Propose Broad Sanctions on Russian Banks, and More
printBNP Paribas could pay $2 billion to settle sanctions violations, roughly double what the French bank previously said it could shell out for doing business with Iran and other blacklisted nations, according to Reuters, which cited an unnamed source. The settlement, which will likely involve a guilty plea by the institution, could come in May. More Sens. Carl Levin (D-Mich.) and John McCain (R.Cain) called on the Obama administration to halt Foreign Account Tax Compliance Act-related negotiations with Moscow in response to Russia's invasion of Ukraine. Without an intergovernmental agreement, Russian banks could pay a 30 percent withholding tax on...
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