The AMF and TRACFIN sign a new cooperation protocol

The fight against money laundering and terrorist financing (AML-CFT) is one of the AMF’s main supervisory priorities. The AMF’s remit is to ensure that savings are protected when invested in financial instruments, that investors are properly informed and that financial markets function efficiently. It also ensures that the entities under its supervision, such as asset management companies, financial investment advisers, licensed digital asset service providers and central securities depositaries, comply with AML/CFT obligations. The AMF contributes to shaping the AML/CFT regulatory framework through its General Regulation or its policy, in line with international, European and national standards in this field.

The AMF cooperates regularly with TRACFIN teams on investigations, inspections and the monitoring of the market participants under its supervision. Created in 1990, this service with national competence, placed under the authority of the French Ministry for the Economy, Finance and Recovery, has the task of collecting, analysing, developing and using all information about suspicious financial transactions that have been reported as such or as part of systematic reporting of information.

The new protocol updates the cooperation framework between the AMF and TRACFIN, which stems from a previous agreement signed in 2012, to facilitate the traceability and reporting of transactions, as well as the sharing of expertise. It provides for the appointment of liaison officers, as well joint training for obliged entities or the drafting of joint publications such as guides, fact sheets or documents aimed at raising awareness.