The Prudential Supervision and Regulatory Authority (ACPR) has imposed on BMW Finance a : "Bookman Old Style”, "serif""> fine of 500,000 euros, accompanied by a reprimand. blanchiment The bank has been singled out in France by the banking police for deficiencies in capital controls and terrorist financing.

The subsidiary of the German manufacturer BMW is said to have “been too late in devoting sufficient human resources to these devices and in complying with the regulations.” During the control carried out by the ACPR in 2021, only two people were assigned to implement the mechanisms to combat blanchiment (LCB- FT). A number “clearly insufficient in view of the volume of activity of the establishment and the extent of the tasks assigned to these employees” according to the banking police.

The ACPR sanctions committee considered that “the specifics of BMW Finance's activity led to the conclusion that the scope of the shortcomings identified in the LCB-FT system was relatively limited”.