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.

Executive summary

The Autorité des marchés financiers published on 15 June 2026 a synthesis of the main lessons from inspections carrying an anti-money-laundering and counter-terrorist-financing (LCB-FT) component, together with automatic exchange of tax information (EAI) obligations, that gave rise to follow-up action…

Machine-verified against the primary source, then read, edited and published by the Regulus editorial desk on 19 Oct 2026.