Ex-compliance head to leave BNP Paribas after US8.97b fine

July, 01 2014

BNP's former head of compliance, Vivien Levy-Garboua, and its head of ethics and compliance for North America, Stephen Strombeline, are among 13 executives leaving the bank.

BNP's former head of complianceand its head of ethics and compliance for North America are among 13 executives leaving the bank. kenkistler

The 13 executives are leaving as part of an agreement with the US Department of Justice which brought the prosecution. BNP pleaded guilty to sanctions violations in relation to Sudan, Iran and Cuba. Sullivan & Cromwell advised the bank on the case. Source: TribLive