Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, Banking, Compliance, EU, Financial Crime

BREAKING: Raids on five French banks in money laundering, tax fraud probe by financial prosecutor which could lead to up to €1.1BN fines

RAIDS: Prosecutors in France raided banks in the La Defense area of Paris today in a money laundering and tax fraud case. Photo shows daily life in the La Defense district and the towers and buildings of companies. Photograph by Martin Bertrand.

FRANCE’S financial prosecutor was searching five bank headquarters in Paris as part of an internatinoal probe into tax fraud and money laundering, officials said Tuesday. The banks at the centre of the investigation include Societe Genereale, HSBC Holdings Plc, BNP Paribas SA, and Natixis which were searched this morning. The probe relates to so-called cum-cum…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!