Which independent intergovernmental body, based in Paris, is responsible for developing international standards for combating money laundering and terrorist financing?
The EBA (European Banking Authority)
TRACFIN (Financial Intelligence Processing and Action against Clandestine Financial Circuits)
FATF (Financial Action Task Force)
The ACPR (Prudential Supervisory and Resolution Authority)
Which agreement enabled the EBA to exchange information with national supervisors such as the ACPR?
Paris Agreement of 2018
Multilateral agreement of 2019
Brussels Agreement of 2020
Strasbourg Agreement of 2021
What is the primary mission of TRACFIN in the fight against money laundering?
Supervise banking and insurance institutions
Develop technical standards for the European Union
Receive and analyse suspicious transaction reports from obliged professionals
Conduct mutual evaluations of national frameworks
What is the maximum penalty that the ACPR can impose for AML/CFT compliance failures?
50 million euros
100 million euros
200 million euros
500 million euros
The EBA has been responsible for coordinating AML/CFT among national supervisors since 2019.
True
False
The AMF is responsible for AML/CFT supervision of portfolio management companies.
True
False
Lists published by FATF for high-risk jurisdictions
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