On June 29, 2023, the ACPR published a new version of the ASR: Analyse Sectorielle des Risques de Blanchiment de Capitaux (BC) et de Financement du Terrorisme (FT).
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...
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!
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
Last summer, the FATF updated its guidelines on the risk-based approach to the real estate sector.
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...
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...
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...