Knowledge Base

← Financial Security: AML/CFT, Anti-Corruption, and Sanctions

Questions

Which article of the Code monétaire et financier requires the refusal to enter into a relationship with a suspicious client?

Article L.561-5

Article L.561-5-1

Article L.561-8

Article L.312-1

Which article of the Code monétaire et financier provides for the right to a bank account?

Article L.561-5

Article L.561-8

Article L.312-1

Article L.574-1

What are the consequences for a professional who discloses to a client that a report has been submitted to TRACFIN?

No consequences

Fine of twenty-two thousand five hundred euros

Criminal prosecution

Official warning

What are the behavioural warning signals that should alert a professional to a suspicious client?

Refusal to provide required information, evasiveness, contradictions in statements, excessive nervousness, pressure to execute a transaction quickly, systematic use of intermediaries

Disproportionate amounts, suspicious structuring, inability to justify the origin of funds, atypical patterns

Complex structures, shell companies, offshore arrangements

Closure notification to the client, two-month notice period

Categorize items by dragging them to the appropriate zones

Items to categorize:

Impossibility of identifying the beneficial owner

Presentation of manifestly inconsistent documents

Cooperative client providing all required information

Client's refusal to respond to know-your-customer questions

Categories:

Mandatory refusal of relationship

Relationship authorised

Identification of a suspicious client

Click to see answer

A professional may disclose to a client that a suspicious transaction report has been submitted to TRACFIN.

True

False

A professional may continue a business relationship if only one warning signal is detected.

True

False