The French Financial Markets Authority has published a synthesis of findings from supervisory controls covering anti-money laundering and counterterrorist financing obligations, as well as automatic exchange of tax information requirements, in cases that led to follow-up action between Jan. 1, 2022 and Dec. 31, 2025. The report points to recurring weaknesses across firms’ frameworks, including incomplete or poorly tailored AML CFT procedures, risk maps that were not sufficiently specific or operational, weak oversight of delegates, distributors and other third parties, and shortcomings in customer due diligence, recordkeeping and traceability. The synthesis is based on 46 controls that resulted in action during the period, including 16 sanction decisions, 16 administrative settlement agreements and 16 follow-up letters requiring remediation, with some cases involving mixed outcomes. Other deficiencies included failures in checks on investment and divestment transactions within funds, breaches of reporting obligations to TRACFIN or the AMF, insufficient staff training, internal control arrangements that were not formalized or whose effectiveness was not demonstrated, and inadequate consideration of automatic exchange of tax information obligations. The publication also stresses that firms must be able to detect atypical transactions, carry out the necessary analysis and submit appropriate suspicious transaction reports to TRACFIN when warranted. The AMF said it will continue supervision and inspections to test the effective implementation of AML CFT and tax information obligations and may pursue enforcement action using a risk-based approach. It will also continue contributing to European work in this area, including the gradual establishment of the Anti-Money Laundering Authority.
France Autorite des marches financiers2026-06-15
French Financial Markets Authority publishes findings from 46 AML CFT controls and flags recurring compliance failures
The French Financial Markets Authority has published a review of 46 AML CFT controls with follow-up action between 2022 and 2025, highlighting repeated weaknesses in procedures, risk mapping, customer due diligence, third-party oversight, reporting and internal controls. The cases led to 16 sanctions, 16 administrative settlement agreements and 16 remediation letters, with some mixed outcomes. The AMF said it will continue risk-based supervision and enforcement in this area.