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France's financial regulator has launched a review to assess how banks and digital payment institutions manage the illicit finance-related risks associated with virtual international bank account numbers, or IBANs. In a 113-page sectoral risk assessment, the Autorite de Controle Prudentiel et de Resolution, or ACPR, last month quietly disclosed that it sent questions to almost two dozen financial institutions about their handling of virtual IBANs amid concerns that such accounts are being abused by financial criminals. "The practice of assigning several IBANs, or even virtual IBANs, to the same account is on the rise [...] and is likely to increase...