In a speech at the Higher School of Electrical Engineering in Rouen, France, Deputy Governor of the Bank of France Denis Beau discussed lessons learned by regulators and supervisors from recent financial turbulences caused by the digital transformation of the financial system.
Denis Beau, Deputy Governor of the Bank of France, delivered an introductory speech at the World Bank Global Payments Week 2023, focusing on the future of payments and the regulation of crypto-assets.
France sees shift in STR filings, Brazil sentences former president, and more, in the weekly roundup.
France Welcomes Rise in Non-Financial Sectors STRs, Questions VASPs Flat Numbers
France’s financial intelligence unit applauded notaries, real estate professionals, casinos, and other non-financial professionals for strengthening their scrutiny of potential financial crime, while expressing concern that activity in the booming cryptocurrency sector was almost flat.
Midweek Roundup: Binance Faces Sanctions Probe, US Lawmaker Charged with Money Laundering, and More
European AML Enforcement Plateaued Last Year
France’s financial regulator reprimanded and fined the Paris-based insurance company €1 million for deficiencies in its know your customer system and failures to assess its anti-money laundering and counterterrorist financing risks.
French regulator Autorité des marchés financiers fined the Paris, France-based portfolio management company €150,000 for anti-money laundering and counterterrorist financing shortcomings and other violations.
Technical | Effectiveness |
---|---|
Compliant : 9 | High : |
Largely Compliant : 29 | Substantial : |
Partially Compliant : 10 | Moderate : |
Non-Compliant : 1 | Low : |
Rank : 122/141 |
Score : 3.92/10 |
Rank : 23/179 |
Score : 69/100 |
Rank : 33/133 |
Score : 50/100 |