BNP Paribas Fortis Addresses Money Laundering Concerns and Improves Internal Processes

The shortcomings of the time “did not have any harmful consequences for customers or for third parties, as confirmed by the BNB in ​​its decision”, underlines BNPP Fortis.

In the fight against money laundering, banks are adapting their internal processes to changing regulations in order to exercise their duty of vigilance. The findings of the survey focused “on the risk approach relating to the system for monitoring customer transactions and detecting atypical transactions”.

“Since then, the bank has followed an extensive remediation journey aimed at strengthening the procedures, systems and internal control measures for the prevention of money laundering. The bank will continue to strive to apply the highest standards in terms of to fight against money laundering and to actively contribute to the security of the financial system”, concludes the banking establishment.

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