Money laundering and the financing of terrorism are more topical than ever. In 2023, Tracfin, the investigative service attached to the Ministry of the Economy and Finance, will have received no fewer than 190,653 reports of suspicious financial transactions, up 15% on 2022, and...

Crypto-currencies are attracting increasing interest: the global market was estimated at $1.6 billion in 2022 and will exceed $2.7 billion by 2030, according to Vantage Market Research. Crypto-currencies are at the heart of decentralized finance. DECENTRALIZED FINANCE: HOW DOES IT WORK? Based on...

AML-CFT sanction: €2.5 million fine The French banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), has imposed its second sanction of the year for serious failings significantly affecting several crucial elements of theAML-CFTAnti-Money Laundering and Combating the Financing of Terrorism) system. BRED is a cooperative bank and the largest...

AML-CFT  compliance: AP Scan & AP Filter solutions track individuals Financial crime: a constant threat Financial fraud is on the increase, and many organizations around the world continue to bear the brunt of it on a large scale, against a backdrop of regulatory pressure. Globalization and...

2025, the year of compliance The year 2025 will undoubtedly mark another milestone in corporate regulatory obligations. While compliance requirements are progressing... and piling up, far too many companies will still wait until the last moment - i.e., the actual entry into force of these new obligations - to comply. But it will be too late...

On Friday December 8, 2023, Tracfin organized its 1st forum on the state of the BC-FT threat at the Ministry of the Economy and Finance. This was an opportunity for the various players involved in AML-CFT to get together and strengthen the links between the authorities and taxable persons.