The regulations governing your compliance obligations AML-CFT
AML-CFT
Anti-money laundering and financing of terrorism
In accordance with :
- 3rd (2005/60/CE)
- 4th (2015/849/CE)
- 5th (2018/843/CE)
- 6th (2018/1673/CE) European directives
- Sapin II law (anti-corruption)
- Anti-Fraud
- Export-Control
- And a growing number of obligations and penalties
Regulatory framework & obligations
- Combating money laundering
- Combating the financing of terrorism
- Applying trade embargoes
Professionals subject to the law must
- Check the identity of their customers, suppliers, employees...
- Determining a level of vigilance with regard to these third parties
- Keep proof of due diligence
- Report the slightest suspicion to the appropriate authorities
- Staff training
Reporting companies
Companies subject to regulations AML-CFT, Key Accounts, ME & SMES
- Banks
- Credit institution
- Banque de France
- Issuing institutes
- Payment institution
- Manual changers
- Investment companies
- Portfolio management companies
- Managers of settlement and delivery systems for financial instruments
- Financial investment advisors
- Market participants
- Insurance company
- Insurance intermediaries
- Mutual insurance
- Unions governed by the Mutual Code
- Chartered Accountants
- Statutory Auditors
- Administrators and court-appointed agents
- Lawyers
- Bailiffs
- Notaries
- Real estate professionals:
real estate intermediaries - Casino managers, managers of groups, circles and companies organizing games of chance, lotteries, betting, sports or horse-riding betting.
- Online gaming operators
- Persons habitually dealing in or organizing the sale of precious stones, precious materials, antiques or works of art
- Auctioneers
Voluntary sales companies of furniture by public auction - Domiciliation companies
- Sports agents
And more generally, any company, whatever its activity, with more than 500 employees or more than €100 million in sales, to meet the anti-corruption obligations of the Sapin 2 law.
The compliance officer is criminally liable in the first instance, as is the plant manager.