France’s Ministry for Europe and Foreign Affairs announced the decision by the country to sanction extremist Israeli settlers in the West Bank.
The French Parquet National Financier, the national financial prosecutor’s office which specializes in combating major economic and financial offenses in France, issued its 2023 annual report as it celebrated its decennial.
French cement company paid Islamic State group, 6AMLD broadens access to ownership details, and more, in the weekly roundup.
Anti-money laundering supervisors in Europe have yet to name every firm they penalized in 2023, but all indications suggest that online payment platforms, electronic money institutions and other fintechs once again served as prime targets for enforcement alongside banks.
The Sanctions Commission of the French Prudential Supervision and Resolution Authority reprimanded and fined Abeille Vie, S.A., formerly Aviva Vie, €3.5 million for significant anti-money laundering and counterterrorist financing shortcomings.
The Sanctions Commission of France’s Prudential Control and Resolution Authority fined the Paris-based financial institution Société financière du porte-monnaie électronique interbancaire €100,000 for anti-money laundering and counterterrorism financing deficiencies.