French Banking Regulator Announces Sanctions Enforcement for EU Sanctions Violations
The French Banking Regulator’s Sanctions Committee announced on May 29 that it is bringing enforcement action on Raguram International for sanctions violations, according to a report from the committee and a post on the EU Sanctions blog. The committee announced…
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enforcement on Raguram International for “deficiencies in screening customers” who are subject to European Union asset freezes, the notice said, and in screening customers that could be linked to terrorist financing. No penalty was issued due to their “subsequent compliance efforts,” the notice said.