RSS   Newsletter   Contact   Advertise with us
Post Online Media

French watchdog fines Societe Generale 5m euros over anti-money laundering shortcomings

Share on Twitter Share on LinkedIn
Staff Writer | Saturday July 22, 2017 8:57AM ET
Societe Generale
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.


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.

 

What to read next
POST Online Media Contact

 More inside POST