BNP Paribas has tentatively agreed to oust a senior adviser at the French bank at the behest of New York's top financial regulator as part of a proposed settlement of BNP Paribas' alleged violations of US sanctions, according to people familiar with the matter.

Benjamin Lawsky, who runs New York's Department of Financial Services, requested the bank remove Vivien Lévy-Garboua, the people said. Lévy-Garboua has served as head of compliance and internal controls for BNP Paribas in North America and currently acts as an adviser to senior bank officials.