AML-CFT Solutions | Anti-Money Laundering

Specialized financing ACPR sanction AML-CFT

Specialized Financing (LLD/LOA...) now subject to ACPR sanctions

June 1, 2023By

It's the turn of Specialized Financing (LLD/LOA...) to be sanctioned by the ACPR. In the month of May 2023, it's the turn of a car financing organization to be nabbed by the ACPR. The result? A ½ million euro fine and a reprimand. Not to mention a remediation plan estimated at around 4 million euros, half of which will be spent on...

The AMF sanctions not only an SGP, but also its manager!

May 17, 2023By

Patrice Bedikian

At the end of April 2023, the AMF published a sanction for breaches of obligations AML-CFT. In addition to the Société de Gestion de Portefeuille, it was also its Chairman/CEO who was implicated and sanctioned with a warning as well as a €150,000 fine!

How to avoid penalties AML-CFT, a look back at a memorable fine that could have been avoided

April 24, 2023By

Patrice Bedikian

An analysis of these sanctions can serve as a reminder of regulatory obligations, or even clarify certain points to avoid any misinterpretation. Here is a summary of the main grievances of this sanction

AML-CFTReal estate professionals' obligations highlighted by regulators

April 17, 2023By

Patrice Bedikian

Last summer, the FATF updated its guidelines on the risk-based approach to the real estate sector.

AML-CFT Europe considers stricter measures

March 28, 2023By

Patrice Bedikian

On Tuesday, March 28, 2023, MEPs on the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs Committees approved stricter rules to strengthen the fight against money laundering, terrorist financing and sanctions evasion in the European Union (EU). These...

December 2021 - Landmark ACPR sanction

December 15, 2021By

Patrice Bedikian

AP Solutions IO is happy to come back to you to comment on and dissect the ACPR's latest condemnation, mainly onAML-CFT issues. ACPR once again sanctions a French mutual insurance group to the tune of 4 million euros. This sanction mainly concerns the...

LCB/FT - Key points from the ACPR's 2019 review

June 2, 2020By

Patrice Bedikian

The ACPR has just published its annual activity report. Here's what you need to know about the fight against money laundering and the financing of terrorismAML-CFT): Almost all actions planned for 2019 have been carried out in the AML-CFT area: Formalization of the risk-based approach, revision of on-site control manuals...