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Weekly Roundup: Terror Victims Sue BNP Paribas, FATF Seeks Input on Non-Profits, and More
printSixty-eight victims of the 1998 U.S. embassy bombings in Kenya and Tanzania filed a $2.4 billion lawsuit against BNP Paribas, claiming that the French lender's approval of prohibited transactions on behalf of Sudan aided and abetted al-Qaida's deadly attacks, the New York Post reported. BNP Paribas pleaded guilty to sanctions violations last year. More Financial institutions continue to see regulatory fines as the "cost of doing business," International Monetary Fund chief Christine Lagarde said at a workshop held by the New York Federal Reserve Bank in New York, according to Sky News. Lagarde recommended strengthening individual liability to address the...
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