Monaco’s Financial Regulatory Body Criticizes Julius Baer Group for Failure to Control Banker Activities

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Résumé:
Monaco’s own financial regulatory body has reprimanded Julius Baer Group for failing to control the activities of one of its bankers.

Histoire complète :
Monaco’s financial regulatory body, the Commission de Control des Activities Financieres, has criticized Julius Baer Group’s local operation for its failure to properly control the activities of a banker. The criticism comes after ten transactions were conducted on behalf of an unidentified client. The total amount involved has not been disclosed.

Source:
news.mc

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