BNP Paribas (BNPP.PA) plans to move 45 internal finance jobs from Paris to Lisbon as banks facing growing workloads to deal with changes in regulations and accounting rules try and improve their efficiency. The French lender confirmed the move on Tuesday, which was first announced by the Force Ouvriere (FO) union. “Like all banks, we […]

May has been a busy time for AML FININING (56 million euros) as noted here The Governor and Company of the Bank of Ireland Agrees on Monetary Penalty of €3,150,000 for AML/CFT Compliance Failures https://archive.comsuregroup.com/governor-company-bank-ireland-agrees-monetary-penalty-e3150000-amlcft-compliance-failures/ BNP Paribas Fined 10 million EUROS Over Weaknesses in Anti-Money Laundering Controls French bank watchdog ACPR said it had fined […]

U.S. investigators are said to seek more than $10 billion in fines, a guilty plea and the suspension of dollar-clearing operations to settle the probe into France’s biggest bank’s dealing in countries including Iran and Sudan. As the world’s reserve currency, dollars are used internationally in trades of goods ranging from oil to airliners. France’s […]