AMF publishes 2022-2025 review of AML controls, citing 16 sanctions among 46 cases
The AMF has released the lessons from four years of inspections carrying an anti-money-laundering, counter-terrorist-financing and tax-information-exchange component. It sets out where French asset managers and investment advisers keep falling short, from incomplete procedures to weak oversight of delegates, and signals a risk-based enforcement stance as AMLA's European supervision takes shape.
- The synthesis covers 46 controls producing follow-up between 1 January 2022 and 31 December 2025, yielding 16 sanction decisions, 16 administrative settlements and 16 remediation letters, with some controls drawing mixed outcomes.
- The AMF identifies incomplete or poorly adapted LCB-FT procedures and insufficiently personalised risk mapping that fails to link identified risks to actual vigilance measures.
- Inspectors flagged weak oversight of delegates, distributors and third parties conducting customer due diligence, plus gaps in collecting and updating beneficial-owner, source-of-funds and PEP data.
- The review stresses shortcomings in suspicious-transaction reporting to TRACFIN and reporting to the AMF, and in meeting automatic tax-information-exchange (EAI) obligations.
- The AMF ties the publication to its 2026 supervision priorities, the Impact 2027 strategy and the phased establishment of the EU anti-money-laundering authority AMLA, created in June 2024.