Banking giant BNP Paribas has agreed to pay £5.2 billion for evading US sanctions on Iran, Cuba and Sudan.
The French company pleaded guilty in New York state court to one count of conspiracy as well as producing false business records.
BNP Paribas were accused of transferring billions of dollars on behalf of clients in countries blacklisted by the US.
One of the prosecutors said BNP engaged in a "long-term, multi-jurisdictional conspiracy" to breach laws in deals involving Sudan, Cuba, and Iran.
More top news
Tonight will start off clear in many areas, but cloud will increase from the east overnight, bringing some light and patchy rain.
Defending champions Arsenal squeezed into the FA Cup final despite a spirited fightback from Reading, who forced extra-time
A detective who led investigations into the Valley Parade fire tells ITV News there is "unequivocal" evidence the disaster was an accident.