Stopping “drug kingpins and rogue nations”: how US economic sanctions are shaping global banks | HEC Paris

Stopping “drug kingpins and rogue nations”: how US economic sanctions are shaping global banks | HEC Paris: To date, at least nine international banks have paid enormous sums to the US as a result of violating US economic sanctions, including the French bank BNP Paribas, which was fined nearly $9 billion in 2014. As the US increasingly employs its punitive arsenal to force non-US banks to comply, this has resulted in their Americanization, argue two HEC professors.

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