Obama Punishes Banks for Violating Sanctions

At least 22 banks have been penalized during President Obama’s administration after allegedly doing business tied to countries blacklisted by the United States. BNP Paribas's settlement, at about $8.9 billion, is almost twice as much as the other 21 penalties combined. The French bank is the first to plead guilty for violating U.S. sanctions as prosecutors adopt a more aggressive stance on alleged misconduct. Below are the banks that have settled cases with the U.S. in the last five years.

UPDATED JUNE 30, 2014

Penalties paid by banks in U.S. sanctions settlements
Bank Location Sanctioned Countries Year Fine

1 – Case also involved lack of money laundering controls.

2 – ABN Amro was taken over by Royal Bank of Scotland in 2007.

Source: Bloomberg News reporting

GRAPHIC: CHLOE WHITEAKER / BLOOMBERG VISUAL DATA & TOM SCHOENBERG / BLOOMBERG NEWS