FranceThe French supervisor, Autorité de contrôle prudentiel et de résolution, published its annual report for the year 2021, highlighting its supervision work on anti-money laundering and counterterrorist financing and in addressing emerging challenges such as cyber and climate threats.
The Group of Seven Finance Ministers issued a joint communiqué following a meeting in Germany, highlighting their commitment to a coordinated sanctions response to Russia’s aggression and support for the Financial Action Task Force’s ongoing efforts to enhance beneficial ownership transparency.
Puerto Rican bank settles OFAC violations, FDIC tags North Carolina-based savings bank, and more, in the weekly roundup.
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Russian nationals gobble up Turkish real estate, U.S. tops list of global tax havens, and more, in the midweek roundup.
French regulator Autorité des marchés financiers banned the Lyon, France-based company and its manager from exercising as financial investment advisors for a period of ten years and imposed a €150,000 fine for anti-money laundering and counterterrorist financing shortcomings and other violations.
French regulator Autorité des marchés financiers issued a reprimand and imposed a fine of €150,000 against the Le Val, France-based company and a €50,000 fine against its chairman for three breaches of its anti-money laundering and counterterrorist financing obligations.
| 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 |