AML-CFT penalty: €2.5 million fine The French banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), has imposed its second sanction of the year for serious failings significantly affecting several crucial elements of theAML-CFTAnti-Money Laundering and Combating the Financing of Terrorism) system. BRED is a cooperative bank and the most...

In 2023, Cryptocurrency companies and Fintechs were fined more AML-CFT fines than all other businesses combined. According to the Financial Times, cryptocurrency and digital payment companies had to pay a staggering $5.8 billion in fines, not least for their many shortcomings in Combating...

KYC & AML-CFT efficiency and profitability: it's all in the technology! Closely scrutinized by regulatory bodies, regulatory compliance is no longer an option for companies, especially when it concerns financial flows. In an accelerated context of the fight against money laundering and the financing of terrorism,...

AML-CFT  compliance: AP Scan & AP Filter solutions track individuals Financial crime: a constant threat Financial fraud is on the increase, and many organizations around the world continue to bear the brunt of it on a large scale, against a backdrop of regulatory pressure. It has to be said that globalization and...

2025, the year of compliance The year 2025 will undoubtedly mark another milestone in corporate regulatory obligations. While compliance requirements are progressing... and piling up, far too many companies will still wait until the last moment - i.e., the actual entry into force of these new obligations - to comply. But it will be too late...

The ACPR (Autorité de Contrôle Prudentiel et de Résolution) issues its first sanction of the year for very serious breaches, which seriously affected several fundamental elements of the anti-money laundering and combating the financing of terrorismAML-CFT) system. Treezor, one of France's leading providers of Banking-as-a-Service (BaaS) services, has been fined a total of...

Trust at the heart of AML-CFT The complex international context (conflicts, geopolitical uncertainties, economic stakes, emergence of new risks) has promulgated the notion of trust as an indispensable element in the management of corporate finances and transactions. In addition, the strengthening of European legislation against money laundering and terrorist financing...

DORA REGULATION 2025: behind this ultra-easy-to-remember acronym lies a new regulatory framework, the Digital Operational Resilience Act. Adopted at the end of 2022 by the Council of the European Union and applicable from January 2025, its provisions aim to strengthen the resilience of the financial sector to cybersecurity risks, and to ensure...

Every year, the companies most likely to be concerned by money laundering and terrorist financing, such as those operating in the financial sectors (banking, insurance) and in fields where the risks are significant (notaries, gaming operators, legal professions, chartered accountants...), undergo a very special exercise: completing the QLB questionnaire...

These functionalities must meet your day-to-day needs in terms of: Productivity, Traceability and Explicability, Fluidity and Speed of suspicion clearance. Find out more about the main functionalities you should never overlook when choosing your KYC /AML-CFT solutions.

On Friday December 8, 2023, Tracfin organized its 1st forum on the state of the BC-FT threat at the Ministry of the Economy and Finance. This was an opportunity for the various players involved in AML-CFT to get together and strengthen the links between the authorities and taxable persons.

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