Combating money laundering

Supervising institutions

The ACPR is tasked with monitoring the quality of the mechanisms implemented by all entities under its remit to combat money laundering and terrorism financing. In the event of non-compliance with their regulatory obligations, the Supervisory College may decide to initiate disciplinary proceedings.

The ACPR carries out off-site inspections (for instance by analysing questionnaires) and on-site inspections.

As part of its AML/CTF mission, the ACPR provides its opinion on digital asset service providers (DASPs) prior to their registration by the AMF (Autorité des Marchés Financiers - the French Financial Markets Authority). These service providers are indeed subject to rigorous due diligence measures, as they are highly exposed to money laundering and terrorist financing risks.

Coordinating

The fight against money laundering and terrorism financing involves coordinating the efforts of a wide range of players at national, European and international level. The ACPR is actively involved:

At national level 

The ACPR is a member of the Advisory Board for the Fight against Money Laundering and Terrorism Financing (Conseil d’Orientation de la Lutte contre le Blanchiment de capitaux et le financement du terrorisme - COLB).

The ACPR also collaborates with Tracfin, the French Financial Intelligence Unit over which the French Ministry for the Economy, Finance and Industrial and Digital Sovereignty has authority.

At European level

The ACPR is involved in European Union-wide work on the fight against money laundering and terrorism financing, as well as in work conducted by the European Banking Authority (EBA) and the European Commission on that matter.

At international level

Lastly, the ACPR contributes to the work carried out by international anti-money laundering and counter-terrorism financing organisations (FATF, Basel Committee, OECD, etc.).