NEW YORK (AP) - France's largest bank, BNP Paribas, has been sentenced for violating U.S. sanctions by processing transactions for clients in blacklisted countries.

NEW YORK (AP) France's largest bank, BNP Paribas, has been sentenced for violating U.S. sanctions by processing transactions for clients in blacklisted countries.

Government lawyers said after Friday's hearing in New York that a process for compensation claims is being set up for anyone harmed by Sudan, Iran and Cuba.

The $140 million fine was formally announced by federal Judge Lorna G. Schofield.

Last year, the bank agreed to forfeit roughly $8.9 billion as it pleaded guilty to state charges. It then pleaded guilty in federal court.

The bank admitted processing billions of dollars in illegal transactions. The acts violated U.S. trade sanctions imposed to block the participation of some countries in the global financial system.

The U.S. had alleged the activity occurred from 2004 through 2012.