The costly legal problems in BNP Paribas in the US do not seem to have to stop. After paying 8 billion euros in punishment, the bank is again attacked for its previous relations with the Sudanese government.
An appeal court in New York resumed a trial on BNP Paribas on May 22, initiated by alleged victims of atrocities committed in Sudan by the Sudanese government between 1997 and 2007. They later attempt to engage the responsibility of the French bank they accuse to have helped the regime.
Finally, the judge decided that the complaints against BNP Paribas based on the genocide committed in Sudan were admissible by an American court and that the judge of the previous instance wrongly found the opposite.
The twenty-five plaintiffs, who are refugees of Sudanese origin, now live in the United States and some of them have acquired citizenship, BNP Paribas filed a trial against BNP Paribas in 201
The Court's appeal follows a previous action at the end of which BNP Paribas became 2014, the first international bank to commit US extraterritorial sanctions against Cuba, Iran and Sudan. The French bank had agreed to pay a fine of $ 8.97 billion (EUR 8 billion).
In a press release issued immediately after the verdict, McKool Smith's law firm, defending the plaintiffs, said the plaintiffs were supported by a two-party United Congress, as well as several lobbying organizations.
BNP Paribas Bank has been present in the United States since 1859, where it employs 16,000 people for its two main activities: trading bank and retail. In 2018, the Group stated that it achieved a net profit of EUR 42,516 billion for a pre-tax profit of 9.7% to EUR 10,208 billion.
See also: An International Sanctions Architecture Introduced by the United States Security