France is an attractive country to Money Launderers because of its stable economy and strong currency. France's main vulnerabilities to Money Laundering, as arising from the layering and integration stages rather than during the placement phases.

The Autorité des Marchés Financiers (AMF) is one of the competent authorities in the supervision of systems implemented by players in the financial sector to combat money laundering and the financing of terrorism. It takes part in ongoing efforts by France to keep its national system up to the highest standard.

Compliance Services in France

Compliance outsourcing:

ABM Global Compliance Outsourcing service is for companies in France that do not have suffcient internal resource to carry out day to day internal compliance tasks, such as file reviews, maintaining registers and writing the monthly Compliance Boardreport.

On going process:

For any payment institution in France, compliance is an on-going process that is to be maintained at a high level, mandatory as according to the Anti-Money Laundering Act of France.

Ongoing compliance services:

  • Risk Assessment, CDD measures and compliance with the TRACFIN reporting obligations
  • Internal compliance audit
  • Fit and Proper Assessment Review
  • Annual Competence Assessment
  • Training and awareness

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