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The New York State Department of Financial Services announced that BNP Paribas would pay a penalty of $2.24 billion tas part of the resolution of allegations that it engaged in a scheme to concealed more than $190 billion in transactions between 2002 and 2012 for clients subject to U.S. Sanctions, including Sudan, Iran, and Cuba. The penalty was part of a larger $8.8 billion settlement that also included a federal criminal case; For more info visit https://www.dfs.ny.gov/reports_and_publications/press_releases/pr1406301