The Financial Sector Supervisory Commission (CSSF) has imposed a fine of 3 million euros on the BNP Paribas subsidiary in Luxembourg. He blamed it for failing to meet its obligations in the fight against money laundering and the financing of terrorism

The CSSF imposed a fine of 3 million euros on BGL BNP Paribas for non-compliance with professional obligations in the fight against money laundering and the financing of terrorism. This Luxembourg public institution indicated in a press release that “the CSSF has identified severe cases of non-compliance with the bank's professional obligations in this area”. In particular, the subsidiary BGL BNP Paribas is accused of breaching its obligations of vigilance with regard to the origin of funds and the supervision of transactions, during inspections held between May and November 2021. European regulators and supervisors are closely monitoring banking players in the fight against money laundering and terrorist financing