{"id":456,"date":"2022-07-26T07:58:54","date_gmt":"2022-07-26T11:58:54","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=456"},"modified":"2024-02-22T08:03:58","modified_gmt":"2024-02-22T12:03:58","slug":"luxembourg-regulator-fines-banks-for-aml-and-sanctions-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2022\/07\/26\/luxembourg-regulator-fines-banks-for-aml-and-sanctions-failings\/","title":{"rendered":"Luxembourg &#8211; regulator fines banks for AML and sanctions failings"},"content":{"rendered":"<p>The Luxembourg financial services regulator, the CSSF, <a href=\"https:\/\/www.cssf.lu\/wp-content\/uploads\/S_38_B_BEMO_EUROPE_-_Banque_Privee_260722_en.pdf\">has today<\/a> fined BEMO Europe Banque Priv\u00e9e SA \u20ac356,000 for AML and sanctions compliance failings.<\/p>\n<p>The penalty notice noted that the failings, including in sanctions screening, were identified as part of an on-site inspection in 2020, and noted that the size of the fine took into consideration the bank&#8217;s efforts at remediation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Luxembourg financial services regulator, the CSSF, has today fined BEMO Europe Banque Priv\u00e9e SA \u20ac356,000 for AML and sanctions compliance failings. The penalty notice noted that the failings, including in sanctions screening, were identified as part of an on-site inspection in 2020, and noted that the size of the fine took into consideration the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2022\/07\/26\/luxembourg-regulator-fines-banks-for-aml-and-sanctions-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luxembourg &#8211; regulator fines banks for AML and sanctions 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":[77,71],"tags":[20,12,84],"ppma_author":[7],"class_list":["post-456","post","type-post","status-publish","format-standard","hentry","category-77","category-financial-services","tag-financial-sanctions","tag-fine","tag-luxembourg"],"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","author_category":"","last_name":"Handley","first_name":"Mark","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html\">Read Mark's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/456","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=456"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/456\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=456"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}