Société Générale fined record 20 million euros for compliance failures
Société Générale has been fined 20 million euros by French banking authorities for serious compliance breaches in client communications.
Published 9sem4 sources✓ ConfirmedMajor
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The fact
The bank allegedly prioritized its financial interests over regulatory obligations.
This represents the largest penalty ever imposed by the banking supervision commission.
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May 18Société Générale fined record 20 million euros for compliance failuresthis article