French regulator fines BMW Finance for weak, dirty money controls
France's ACPR financial regulator's sanctions commission has decided to fine BMW Finance 500,000 euros ($550,400) for shortcomings in its money-laundering and terror-financing controls, the ACPR said on Friday.
The ACPR said in a statement.
- "BMW Finance took too long to devote sufficient human resources to these controls and comply with regulation, especially since it is part of a big group with important staff, technical and financial resources,"
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