French Banking regulator ACPR has levied a ten million Euro fine upon BNP Paribas, for anti-money laundering and countering the financing of terrorism shortcomings. The bank reportedly failed to file Suspicious Activity Reports, had inadequate compliance staff, and failed to implement improvements previously promised to regulators. The bank has a history with US regulators as well.
The Laundry Man by Kenneth Rijock ( Penguin/Random House UK)
Sunday, June 4, 2017
FRENCH REGULATOR FINES BNP PARIBAS £10m FOR AML/CFT FAILURES
French Banking regulator ACPR has levied a ten million Euro fine upon BNP Paribas, for anti-money laundering and countering the financing of terrorism shortcomings. The bank reportedly failed to file Suspicious Activity Reports, had inadequate compliance staff, and failed to implement improvements previously promised to regulators. The bank has a history with US regulators as well.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.