The sanctions commission of the Authority of financial markets (AMF) fined 200,000 euros on the company of M Capital Partners asset management. Its director general and its director Financial fines of 70,000 and 35,000 respectively euros.

The AMF sanctions committee issued public its decision dated December 31, last Monday, January 5. She reproaches to M Capital Partners: “breaches of several obligations professionals over the period between August 2019 and December 2023". She has also indicated that Mr. Capital Partners had breached its obligations in respect of identifying, preventing and managing conflicts of interest” and that “the anti-money laundering system of Capital and Terrorist Financing (LCB-FT) by M Capital Partners was deficient and not operational.” She judged that “the diligences carried out were not adequate.”

Likewise, the commission characterized two other grievances notified to M Capital Partners. It is a device of investment not operational due to the imprecise nature of the process and rules for distributing investments between funds under management” and non-compliance with “its investment procedure” as well as the impossibility of “justifying the traceability of verifications carried out”.

The total amount of However, the sanctions are much lower than the requisitions issued in November. last, up to 900,000 euros, the sanctions committee having ruled out one of the four grievances made to M Capital Partners