Terrorism victims sue BNP Paribas for violating sanctions

A group of victims who lost family or were injured in two US embassy bombings in Africa are suing BNP Paribas for $2.4 billion, alleging the French bank helped finance the terrorist attacks by doing business with blacklisted nations.

The suit, filed in Washington federal court late Wednesday, is the first to target a global bank that has been penalized for violating US economic sanctions.

In June 2014, BNP paid a record $9 billion fine for helping clients dodge sanctions on Iran, Sudan and other rogue countries under a settlement with the Justice Department and New York’s Department of Financial Services.

Read on.

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