Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

The Canadian Press - ONLINE EDITION

Executive of French bank BNP Paribas leaves amid US probe into sanctions violations

PARIS - A top executive at French bank BNP Paribas is leaving the company amid a trans-Atlantic dispute over a potential multi-billion-dollar U.S. fine for the bank's activities in Iran, Sudan and Cuba.

The bank said Thursday that Chief Operating Officer Georges Chodron de Courcel will retire in September. He is 64, and his term was to finish in 2016. The bank did not explain the reason for his departure.

U.S. banking regulators sought the departure of Chodron de Courcel and other executives as part of an investigation into BNP Paribas. The probe focuses on the bank's currency transactions through its New York office for clients in Iran, Sudan and Cuba in violation of U.S. trade sanctions.

A New York official, who wasn't authorized to speak publicly, said they asked several months ago for Chodron de Courcel to leave, as well as about a dozen other bank officials, including senior adviser and former head of compliance Vivien Levi-Garboua.

The official said the negotiations over penalties that include fines and possible suspension of the bank's New York license for its dollar-clearing bank operations, are ongoing. Lawsky's office declined comment.

The case has angered French authorities.


Michael Virtanen in New York City contributed to this report.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates