France : Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism Regime in France

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

October 29, 2019

Electronic Access:

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Summary:

This technical note (TN) sets out the findings and recommendations made in the Financial Sector Assessment Program (FSAP) for France in the areas of anti-money laundering and combating the financing of terrorism (AML/CFT). The TN summarizes the findings of a targeted review of France’s AML/CFT framework with respect to measures to prevent and combat terrorist financing (TF), risk-based supervision of banks, real estate agents, company service providers and lawyers, measures to tackle cross-border crimes, and fintech. It provides a factual update on the key measures taken by the authorities since France’s previous assessment against the Financial Action Task Force (FATF) standard during 2010-2011. The TN is not, in any way, an evaluation or assessment of France’s AML/CFT system. France is scheduled to undergo a comprehensive assessment against the prevailing standard during 2020–2021 by the FATF.

Series:

Country Report No. 19/326

Subject:

English

Publication Date:

October 29, 2019

ISBN/ISSN:

9781513517827/1934-7685

Stock No:

1FRAEA2019009

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

36

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