(Bloomberg) -- BNP Paribas pleaded guilty to charges tied to a U.S. probe of sanctions violations, resolving a wide-ranging state and federal investigation with a penalty of at least $8.8 billion, the largest fine for such a case in history.

BNP agreed to plead guilty in relation to allegations that it processed funds involving Sudan, Iran and Cuba, according to a person familiar with the matter. The bank, suspected of hiding about $30 billion in transactions, will also be barred from clearing U.S. dollars for as long as a year, according to another person, who asked not to be named because the agreement wasn’t yet public.

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