The AMF Enforcement Committee upheld three sanctions against Melanion Capital.
- The company’s failure to comply with its human resources authorization conditions and the absence of effective management.
- The company’s risk management system, which was disorganized, inappropriate, and non-operational.
- The company’s anti-money laundering and combating the financing of terrorism (AML/CFT) system, which was deficient and did not conduct checks on its service provider. The company failed to act honestly and loyally, as it provided incorrect answers to AMF anti-money laundering questionnaires.