BNP Paribas Part of French Money Laundering Probe

Prosecutors in France reportedly launched a money laundering investigation that involves BNP Paribas.The Paris prosecutor’s office is looking into allegations of “aggravated money laundering” connected to transfers made by a Cyprus-based brokerage that worked with BNP Paribas’ custodian unit, Reuters reported Tuesday (Dec. 26), citing Le Monde.The investigation involves transfers worth several hundreds of millions of euros and dollars made by TCR International Limited between 2019 and 2021, the report said. ...