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United States threats French bank BNP Paribas with fine for violating blockade against Cuba

CUBA,  May 30, 2014. The US administration intends to fine the National Bank of Paris, BNP Paribas, with 10 billion dollars for having allegedly breached the laws establishing the extraterritorial, economic, commercial and financial US blockade of Cuba.

This would be one of the strongest fines ever imposed on an entity based on US territory, according to The Wall Street Journal, which reported that the conclusion of the BNP Paribas case, on the bank’s activities from 2002 to 2009 with Cuba, Iran and Sudan, could take place in few weeks to come.

In mid February, the BNP Paribas, the largest bank in France and the fourth largest in the world, canceled its operations in Havana during an investigation by US authorities on alleged transactions that violated the prohibition to do business with Cuba, Iran and Sudan.

CubavsBloqueo/ACN