BNP Paribas North America, Inc. provides banking and financial services in the western United States and Hawaii. It offers corporate and investment banking services; asset management services to institutional and retail clients; commercial banking services, including business credit, deposit, and cash management for mid-market and larger companies, and small businesses; and retail banking services. The company also provides specialty lending services, such as equipment leasing/auto, and boat and recreational vehicles loans and leases for dealers/loans for religious organizations; securities services; real estate services that include transaction, consulting, valuation, and property developme...
787 Seventh Avenue
New York, NY 10019
Founded in 1977
Victims of East Africa Bombings Files $2.4 Billion Lawsuit against BNP Paribas for its Role in Financing the Events
Nov 4 15
Survivors and families of those killed in the twin 1998 bombings of U.S. Embassies in Kenya and Tanzania filed a $2.4 billion lawsuit in the United States District Court for the District of Columbia against BNP Paribas and several of its subsidiaries for the bank’s role in financing the al Qaeda and Hezbollah- backed terrorist events, which killed 224 and injured more than 4,000. The lawsuit maintains that by circumventing U.S. sanctions on Sudan, BNP Paribas S.A. and its wholly-owned subsidiaries, BNP Paribas North America, Inc. and BNP Paribas (Suisse) S.A. 'knowingly and intentionally' provided al Qaeda and Hezbollah with 'money, material support, and resources' that enable the terrorist groups to plan and execute the bombing in Dar Es Salaam, Tanzania and Nairobi, Kenya on August 7, 1998. The suit charges that behavior violates the U.S. Anti-Terrorism Act (ATA) (18 USC § 2333). The ATA permits victims killed or injured by acts of terror against Americans to collect treble damages. Among other things, the Act is aimed at thwarting support for terrorist organizations, which it defines as Specially Designated Nationals. The suit alleges that the defendants conspired together and with each other, with the government of Sudan, banks and other entities controlled by Sudan as well as with terrorist organizations operating in Sudan, including Hezbollah and al Qaeda, to intentionally and willfully move millions of dollars through the U.S. financial system on behalf of these sanctioned entities in violation of U.S. sanctions laws. The suit also states that on July 9, 2014, BNP Paribas pleaded guilty in the United States District Court for the Southern District of new York to one count felony Information alleging Conspiracy to Violate the International Emergency Economic Powers Act and the Trading with the Enemy Act. There are 68 plaintiffs in this suit against BNP Paribas and its subsidiaries.