Banking and finance news
Penalties for anti-money laundering breaches to rise in 2022 The fight against money laundering and terrorist financing continues, with a sharp increase in sanctions in 2022.
Power cuts: insurers won't always compensate businesses The power cuts announced for this winter raise the question of compensation for businesses by their insurers.
Excessive insurance fees: ACPR warns professionals The Autorité de contrôle prudentiel et de résolution has called on insurers to be more transparent about the fees they charge.
Depositing cash in a tobacconist's shop now possible Brink's has just launched a solution for depositing cash into your bank account at a tobacconist's counter.
Financial products: "influencers" in the sights of the AMF and ARPP The Autorité des marchés financiers (AMF) and the Autorité de la régulation professionnelle de la publicité (ARPP) have announced a collaboration to monitor the financial communications of influencers.
US banks strengthen their presence in Paris Forced to transfer their teams to continental Europe since the Brexit, US banks are strengthening their presence in Paris.
Non-reimbursement of bank fraud: UFC-Que Choisir files a complaint The UFC-Que Choisir association has filed a complaint against 12 banks, accusing them of failing to reimburse customers who have fallen victim to fraud.
Financial authorities denounce life insurance greenwashing The joint unit of the AMF and ACPR has denounced the practice of greenwashing in the life insurance sector, and would like to see it better regulated.
LCL enters the instant mini-credit market LCL has entered the instant mini-credit market with a loan offer from 200 to 2000 euros, repayable in 3 months.
Instant micro-credit players called to order In a press release, the French financial watchdog has called to order instant micro-credit startups attempting to take advantage of regulatory loopholes.
Payments: ACPR warns of over-ambitious business plans by fintechs In a report, the ACPR warns of the over-optimistic business plans of fintechs specializing in payments and electronic money.
Savings: more than 1,200 fraudulent sites identified in 2021 The Autorité de contrôle prudentiel et de résolution has added a record number of fraudulent sites to its blacklist for 2021. Read more.
Ensuring that a bank or insurance intermediary is authorized Before taking out a loan, insurance contract or financial product, you need to check that the intermediary offering it is authorized to operate.
Marketing of banking products: the Conseil d'État rules against the FBF The Conseil d'État recently rejected the FBF's petition, which had been engaged in a legal battle with the ACPR for 4 years.
Bank account closures: ACPR demands explanations Neobank N26 and online bank ING have closed a number of accounts. Is this legal? Here's how.
Banque de France urges banks to collaborate with fintechs Financial regulators and the government have insisted on the need for banks to collaborate with fintechs. Read on.