On 20 March, we checked in with a story from the period 2014-2016, when the French bank BNP Paribas was, initially, greenlighted by the Obama administration to do business with Iran, as sanctions were relaxed, and then months later was hit by U.S. government authorities with the biggest settlement forfeiture in banking history for a prior record of sanctions violations (including sanctions on Iran).
In the interim between the first development (January 2014) and the second (June 2014), BNP Paribas flagged – to UK officials – a suspicious transaction by the owner of Burisma, Ukrainian oligarch Mykola Zlochevsky. The date of the notification, March 2014, fell in the period when Vice President Joe Biden was holding frequent phone conversations with top Ukrainian officials as the “Maidan Revolution” crisis expanded. About a month after BNP Paribas alerted the UK to Zlochevsky – who had fled Ukraine in February 2014 – Hunter Biden and Devon Archer joined Burisma’s board, and payments from the company began flowing to them. Continue reading “The unclubbable Mr. Trump: China, Ukraine, and a surprise banking oversight action”