Luxembourg's financial authority, the CSSF, has fined BGL BNP Paribas 3 million euros for breaching anti-money laundering and counter-terrorism financing laws.

The Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's primary financial regulatory authority, has imposed a fine on BGL BNP Paribas for several infractions. The bank, in cooperation with the CSSF, has implemented corrective actions in response.

According to the CSSF, BGL BNP Paribas is required to pay administrative fines totaling 3 million euros in Luxembourg. These penalties originate from breaches of anti-money laundering and counter-terrorism financing laws, as identified during inspections conducted in 2021. The CSSF outlined these findings in a press release issued on Monday.