Financial Services Financial Services

BNP Paribas fined by Luxembourg regulator over money laundering failings

By Martin Coyle
  • 09 Jul 2024 11:50
  • 09 Jul 2024 11:50
BNP Paribas has been fined 3 million euros ($3.2 million) by Luxembourg’s financial regulator for “severe breaches” of the country’s anti-money laundering regulations.
Luxembourg’s Commission de Surveillance du Secteur Financier imposed the fine, one of the largest ever, following an inspection carried out at the bank in 2021. The regulator

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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