Crédit Agricole fined €1.5 million after AI analyses 750 million transactions

French bank Crédit Agricole has been fined €1.5 million after the Autorité de contrôle prudentiel et de résolution (ACPR) discovered failings in customer due diligence, transaction monitoring and alert investigation in its Languedoc division, which went unresolved between January 2018 and June 2020.

French bank Crédit Agricole (CA) has been fined €1.5 million after the Autorité de contrôle prudentiel et de résolution (ACPR) discovered failings in customer due diligence (CDD), transaction monitoring and alert investigation in its Languedoc division, which went unresolved between January 2018 and June 2020. [1]