A. Legislation applicable to both the banking and the insurance sectors

The Ordonnance du 1^er décembre 2016 transposes the legislative part of the Fourth European Directive into the French financial sector's AML-CFT requirements. Further regulatory acts are expected, as they are required by this decree to complete the transposition.
 

• Articles L.561-2 et seq. of the CMF;
   
• Articles R. 561-1 et seq. of the CMF;
   
• Arrêté du 2 septembre 2009 pursuant to Article R.561-12 of the CMF establishing customer and business relationship information for the purposes of assessing the risks of money laundering and terrorist financing;
   
• list of equivalent third countries provided for in point 2°, part II of Article L. 561-9 of the CMF (Arrêté du 27 juillet 2011);
   
• Arrêté du 12 février 2010 pursuant to the second paragraph of Article 238-0 A, point 1, of the French General Tax Code relating to non-cooperative countries in the light of the transparency and exchange of information in tax matters, as amended by the following decrees: Arrêté du 14 avril 2011, Arrêté du 4 avril 2012 and Arrêté du 8 avril 2016;

B. Banking sector-specific legislation

• CRBF (the French Committee on Banking and Financial Regulation) Regulation No 2002-01 of 18 April 2002 (cheques);
   
• The Arrêté du 3 novembre 2014 concerning the internal control of undertakings in the banking, payment services and investment sector subject to the supervision of the Autorité de Contrôle Prudentiel et de Résolution
   

NB: The decree lays down a framework for internal control reports:
 

• Letter from Mr Fernandez-Bollo to AFECEI (the French association of credit institutions and investment firms).
   
• Reporting framework: French version (word – pdf format) and English version (word – pdf format)
   
• A marked-up version of the reporting framework document is also available.
   
• Arrêté du 2 mai 2013 on the prudential regulation of electronic money institutions. 

C. Insurance sector-specific legislation

• Articles A. 310-5 et seq. of the French Insurance code;
   
• Article A.114-2 of the French Mutual Code;
   
• Article A. 951-3-3 of the French Social Security Code.

D. Legislation specific to bureaux de change

• Articles L. 524-1 et seq., L.572-1 et seq. and D. 524-1 et seq. of the CMF;
   
• Arrêté du 10 septembre 2009 on the activities carried out by bureaux de change, supplemented by the Arrêté du 22 octobre 2015.