{"id":428,"date":"2018-12-21T11:02:32","date_gmt":"2018-12-21T15:02:32","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=428"},"modified":"2024-01-26T11:12:11","modified_gmt":"2024-01-26T15:12:11","slug":"france-bank-fined-e50m-for-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2018\/12\/21\/france-bank-fined-e50m-for-sanctions-compliance-failings\/","title":{"rendered":"France &#8211; bank fined \u20ac50m for sanctions compliance failings"},"content":{"rendered":"<p>The ACPR in France has <a href=\"https:\/\/acpr.banque-france.fr\/en\/node\/131380\">today announced<\/a> the imposition of a fine of \u20ac50m against Banque Postale.<\/p>\n<p>This is the largest fine imposed in France to date.<\/p>\n<p>The fine was imposed for sanctions compliance failings and in particular the ability of designated persons to transfer funds through Banque Postale, even when not a customer, by &#8220;money order&#8221;.<\/p>\n<p>Banque Postale has <a href=\"https:\/\/www.labanquepostale.com\/content\/dam\/lbp\/documents\/communiques-de-presse\/en\/2018\/CP-Sanctions-ACPR-EN.pdf\">indicated an<\/a> intention to appeal the fine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ACPR in France has today announced the imposition of a fine of \u20ac50m against Banque Postale. This is the largest fine imposed in France to date. The fine was imposed for sanctions compliance failings and in particular the ability of designated persons to transfer funds through Banque Postale, even when not a customer, by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2018\/12\/21\/france-bank-fined-e50m-for-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;France &#8211; bank fined \u20ac50m for 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":[73,71],"tags":[20,12,48],"ppma_author":[7],"class_list":["post-428","post","type-post","status-publish","format-standard","hentry","category-73","category-financial-services","tag-financial-sanctions","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\/428","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=428"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/428\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=428"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}