Tracfin

French and US authorities have launched an investigation into Cypriot brokerage TCR International Ltd in conjunction with a branch of BNP Paribas, following suspicions of "aggravated money laundering." The transactions in question, exceeding €220 million, occurred between 2019 and 2021, as reported by French daily Le Monde.

A Cypriot brokerage firm caught up in an investigation by French prosecutors probing financial transfers possibly tied to Yevgeny Prigozhin on Wednesday denied it had ever had direct relations with the late Wagner mercenary chief.

France, announcing fresh moves against terrorist financing, said on Nov. 23 it would target prepaid debit cards which it said were used in the recent Paris attacks.
 
"We will regulate more strictly the use of prepaid cards which were used in the November 13 attacks, in order to make it harder to remain anonymous," Finance Minister Michel Sapin told a news conference.