"From 2006 ... BNP Paribas received several warnings against such transactions from the United States and large US law firms," the French newspaper said without citing its sources.


Le Monde said a US Treasury official visited BNP Paribas' headquarters in September 2006 to warn its executives in a closed door meeting against dealings with Iran.


BNP Paribas hired three US law firms to evaluate US laws, which had changed in the mid-2000s, to consider all transactions conducted in dollars to be subject to US sanctions, even if conducted outside of the United States.

Le Monde wrote that in 2006 they warned BNP Paribas of the risks it faced from the transactions.

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