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How Will BNP Paribas (BNPQY) Stock React To Sanctions Violations Charges?

NEW YORK (TheStreet) --BNP Paribas SA (BNPQY) is up 0.13% to 34.07 in after-hours trading on Monday after the company agreed to plead guilty and pay nearly $9 billion to resolve an investigation into U.S. sanctions violations, Bloomberg reports.

The company has plead guilty to processing funds associated with Cuba, the Sudan, and Iraq, and is also under suspicion of hiding almost $30 billion in transactions.

BNP cannot clear U.S. dollars for a period of one year, as part of the deal according to sources, Bloomberg said.

Must Read: Warren Buffett's 25 Favorite Stocks


The bank is facing additional charges after New York State prosecutors accused the company of conspiracy and falsifying business documents, Bloomberg noted.


BNPQY Chart
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