We decipher for you various publications on the subject of payments.
Let's focus today on sanctions and new directives to combat fraud
Slide
We decipher for you various publications on the subject of payments.
Let's focus today on sanctions and new directives to combat fraud
Since 2015, LCB-FT requirements applicable to the banking and non-banking sectors have been steadily tightening at both European and national levels. On April 9, the ACPR issued its first sanction of 2024 against TREEZOR, fining it 1 million euros for breaches observed in 2021, deemed very serious and seriously affecting its LCB-FT system. The decision is particularly instructive in terms of the French regulator's expectations.
Noting the real need to pursue, at European level, the actions of control, supervision and repression, within a harmonized framework, the European Parliament has issued a new directive on the mechanisms to be put in place by Member States to prevent the use of the financial system for the purposes of BC/FT, a Regulation on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (AML/CFT), mainly setting out expectations in terms of the mechanisms to be implemented by those subject to the law, and a Regulation establishing the Autorité de Lutte Contre le Blanchiment de Capitaux et le Financement du Terrorisme (ALBC), as a supervisory authority integrated into the European system of financial supervision. These 3 texts were drawn up on May 31 and published on June 19.
.png)
.png)
.png)
