Paris, 31 July 2018

CNP Assurances takes action to further bolster its AML/CFT measures

  

 CNP Assurances has noted the decision of the ACPR (the French prudential control and resolution authority) of 26 July 2018 and reasserts its total commitment to tackling money laundering and the financing of terrorism (the EU’s fourth iteration of the anti-money laundering directive – AMLD IV). CNP Assurances would like to emphasise that this decision relates exclusively to the prevention measures in place at CNP Assurances in 2014. It is in no way motivated by acts of money laundering or terrorism financing and does not call either the company's probity or its employees' integrity into question.

 CNP Assurances is fully committed to addressing the faults found by the ACPR, such as those that it identified in its decision, and to implement the most sophisticated techniques in a bid to ensure maximum efficiency. Our strategy is in line with the multi-year corporate plan, which seeks in particular to industrialise and automate all of the prevention measures and to ensure compliance with the AMLD IV directive. At the same time, a number of major training and awareness-raising campaigns have been implemented for the company's employees.

 CNP Assurances is firmly committed to ensuring compliance with all regulations applicable to its activities and would like to reassert its total commitment to tackling money laundering and the financing of terrorism.