Bank of France rejects lax bank monitoring charge

France's central bank on Feb 21, 2001 rejected charges by parliamentary deputies that it had been lax in dealing with money laundering risks during the surveillance of a Swiss bank's subsidiary in France.

A French parliament committee on money laundering had said in a report on Feb 21, 2000 that the supervisory arm of the Bank of France, the Banking Commission, had shown a "certain degree of indulgence" concerning the activities of a Banque Cantonale de Geneve (BCGE) subsidiary in the French t