By Paul O’Donoghue
A subsidiary of BNP Paribas has been hit with a €3 million penalty in Luxembourg due to multiple AML failings.
CSSF (Commission de Surveillance du Secteur Financier), Luxembourg’s financial regulator, imposed the fine on BGL BNP Paribas, a Luxembourgish bank which is part of the wider BNP Paribas group.
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