Banking The sanction followed a 2015 inspection of the bank
French bank watchdog ACPR said it had fined Societe Generale 5 million euros ($5.83 million) for a number of shortcomings in its controls for preventing money laundering and financing of terrorism.Article continues below READ MORE Societe Generale to pay 450,000 euro fine for compliance breaches in research notes
French watchdog fines Societe Generale 5m euros over anti-money laundering shortcomings
Staff Writer | Saturday July 22, 2017 8:57AM ET
The sanction followed a 2015 inspection of the bank, ACPR said in a statement.
ACPR fined BNP Paribas 10 million euros last month for insufficient anti-money laundering controls.
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