On March 30th, the "Commission des sanctions" of the "Autorité de Contrôle Prudentiel et de Résolution" fined the Lemon Way Payments Services Provider for over 80,000 € on various charges, among which insufficient KYC and AML performance in relation with a French Bitcoin/fiat interface.

This amount represents almost half the last published profits of the French PSP, led at the time by Mr Sébastien Burlet (WoT: nonperson).

These breach instances include mainly: failure to collect KYC paperwork for 34 customers, failure to report 9 customers to legal enforcement on suspicions of money laundering, and failure to further interrogate 20 customers, for which the declared wealth allegedly didn't match the transaction volumes.

The violations are mostly related to business in relation with an unnamed french Bitcoin/fiat interface. The ACPR aptly reminding the public that Bitcoin carries a high-risk of people actually exercising their basic human right to financial privacy.