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After BNP, US may hit other banks for busting sanctions on global pariahs

NEW YORK --After French giant BNP Paribas, other big European banks like Credit Agricole, Deutsche Bank and UniCredit may be in the cross-hairs of U.S. authorities for sanctions-busting.

U.S. authorities on Monday slammed BNP, France's largest bank, with a record US$8.9 billion in penalties for violating U.S. economic sanctions against Iran, Sudan and other countries and pleaded guilty to criminal charges.

The blow raised speculation that some of its rivals in Europe would be punished, but less severely.

The United States has focused its investigations on dollar operations of a handful of European banks with countries blacklisted by the U.S.: Iran, Sudan, Cuba, Syria and North Korea.

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