France’s Ministry of Economics and Finance, through its financial intelligence unit Tracfin, published its 2024 activity report, reporting that suspicious transaction reporting under the national anti-money laundering and counter-terrorist financing (AML/CFT) framework exceeded 200,000 for the first time. Tracfin received 215,410 items of information in 2024, including 211,165 suspicious transaction reports from 50 obliged professions, up 13.2% from 2023. The financial sector accounted for 93.1% of reports, with banks and credit institutions generating 57.2% of filings; crypto-asset service providers submitted 3,073 reports, up 112.1%. Non-financial professions increased reporting by 25.7% but still represented around 7% of the total, including a 254.4% rise in filings from the luxury and art sector to 287 reports, while lawyers submitted 15 and sports agents have never filed a report. Public bodies and supervisory and professional organisations provided 2,558 reports, up 5.4%. The report also notes an expansion of AML/CFT reporting obligations to games involving monetisable digital objects (JONUM) and credit managers, and anticipates further additions with the European Union’s sixth AML/CFT package, including high-value goods dealers and professional football clubs; Tracfin and the Prudential Supervision and Resolution Authority have launched a project to harmonise bank transaction statements and are supporting firms’ rollout of the new format. On international cooperation, Tracfin contributed to preparatory and implementation work for the EU Anti-Money Laundering Authority and organised a plenary meeting in Paris bringing together more than 170 financial intelligence units worldwide.

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