{"id":427,"date":"2019-11-15T10:55:18","date_gmt":"2019-11-15T14:55:18","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=427"},"modified":"2024-01-26T11:13:02","modified_gmt":"2024-01-26T15:13:02","slug":"france-council-of-state-upholds-e50m-fine-for-banks-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2019\/11\/15\/france-council-of-state-upholds-e50m-fine-for-banks-sanctions-compliance-failings\/","title":{"rendered":"France &#8211; Council of State upholds \u20ac50m fine for bank&#8217;s sanctions compliance failings"},"content":{"rendered":"<p>The French Council of State has <a href=\"https:\/\/www.legifrance.gouv.fr\/ceta\/id\/CETATEXT000039400788\/\">today dismissed<\/a> the appeal by Banque Postale against the fine of\u00a0\u20ac50m imposed by the regulator, the ACPR.<\/p>\n<p>The fine was imposed for EU sanctions compliance failings which had permitted designated persons subject to asset freezes to still transfer funds through the use of &#8220;money orders&#8221;.<\/p>\n<p>This is the largest fine imposed by the French authorities.<\/p>\n<p>See our <a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2018\/12\/21\/france-bank-fined-e50m-for-sanctions-compliance-failings\/\">earlier post<\/a> in relation to the original fine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The French Council of State has today dismissed the appeal by Banque Postale against the fine of\u00a0\u20ac50m imposed by the regulator, the ACPR. The fine was imposed for EU sanctions compliance failings which had permitted designated persons subject to asset freezes to still transfer funds through the use of &#8220;money orders&#8221;. This is the largest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2019\/11\/15\/france-council-of-state-upholds-e50m-fine-for-banks-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;France &#8211; Council of State upholds \u20ac50m fine for bank&#8217;s sanctions compliance failings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,71],"tags":[12,48],"ppma_author":[7],"class_list":["post-427","post","type-post","status-publish","format-standard","hentry","category-74","category-financial-services","tag-fine","tag-france"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=427"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/427\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=427"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}