{"id":948,"date":"2025-07-01T06:12:44","date_gmt":"2025-07-01T10:12:44","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=948"},"modified":"2026-01-14T12:12:27","modified_gmt":"2026-01-14T16:12:27","slug":"france-financial-services-regulator-fines-bank-e600000-for-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/07\/01\/france-financial-services-regulator-fines-bank-e600000-for-sanctions-compliance-failings\/","title":{"rendered":"France &#8211; financial services regulator fines bank \u20ac600,000 for sanctions compliance failings"},"content":{"rendered":"\n<p>France&#8217;s ACPR has <a href=\"https:\/\/acpr.banque-france.fr\/fr\/communiques-de-presse\/la-commission-des-sanctions-de-lacpr-sanctionne-la-banque-delubac-et-cie\">issued a press release<\/a> making public a fine of \u20ac600,000 imposed on Banque Delubac. <\/p>\n\n\n\n<p>The detailed <a href=\"https:\/\/acpr.banque-france.fr\/fr\/publications-et-statistiques\/publications\/decision-de-la-commission-des-sanctions-ndeg-2024-02-du-19-juin-2025-legard-de-la-banque-delubac-et\">D\u00e9cision<\/a>, make clear that the compliance failings predominantly relate to AML and CTF failings, but Complaint 9 relates to sanctions compliance. The ACPR noted a failure by the bank to collect data on directors and beneficial owners for more than a quarter of its business customers. Further, the bank applied no screening at all on transactions valued at below \u20ac1,000 between 2020 and 2022\/2023.<\/p>\n\n\n\n<p>The size of the fine is said to reflect the \u20ac3m spent on improving the bank&#8217;s compliance, and the bank&#8217;s loss for the financial year 2024.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>France&#8217;s ACPR has issued a press release making public a fine of \u20ac600,000 imposed on Banque Delubac. The detailed D\u00e9cision, make clear that the compliance failings predominantly relate to AML and CTF failings, but Complaint 9 relates to sanctions compliance. The ACPR noted a failure by the bank to collect data on directors and beneficial &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/07\/01\/france-financial-services-regulator-fines-bank-e600000-for-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;France &#8211; financial services regulator fines bank \u20ac600,000 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":[95,71],"tags":[20,12,48],"ppma_author":[7],"class_list":["post-948","post","type-post","status-publish","format-standard","hentry","category-95","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\/948","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=948"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/948\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=948"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}