Knowledge Base
Identify the roles and responsibilities of key institutional bodies — FATF, EBA, TRACFIN, ACPR, and AMF — in anti-money laundering
Which independent intergovernmental body, based in Paris, is responsible for developing international standards for combating money laundering and terrorist financing?
FATF (Financial Action Task Force) is the central body in the international architecture for combating money laundering. Created in 1989, it brings together 39 members and influences more than 180 countries through its recommendations, which cover the entire preventive and repressive framework. Its headquarters are in Paris, within the OECD.
Which agreement enabled the EBA to exchange information with national supervisors such as the ACPR?
A multilateral agreement signed in 2019 enables the EBA to exchange information with national supervisors. This agreement facilitates the coordination and harmonisation of AML/CFT practices across the EU.
What is the primary mission of TRACFIN in the fight against money laundering?
TRACFIN, created in 1990, is the French financial intelligence unit. Its missions include receiving and analysing suspicious transaction reports from obliged professionals, combating economic and financial crime, and transmitting referrals to the competent authorities. In 2024, it received more than 211,000 suspicious transaction reports.
What is the maximum penalty that the ACPR can impose for AML/CFT compliance failures?
The ACPR can impose disciplinary penalties of up to 100 million euros. For example, it sanctioned Abeille Vie with a fine of 3.5 million euros for deficiencies in its AML/CFT framework concerning politically exposed persons.
The EBA has been responsible for coordinating AML/CFT among national supervisors since 2019.
The EBA (European Banking Authority) assumed the role of European lead authority for coordinating AML/CFT among national supervisors in 2019. It develops binding guidelines and technical standards to harmonise practices across the EU. Its headquarters have been in Paris since June 2019.
The AMF is responsible for AML/CFT supervision of portfolio management companies.
The AMF supervises asset management and financial market professionals, including portfolio management companies. It also publishes sectoral risk analyses and coordinates with TRACFIN to strengthen the fight against money laundering.
Lists published by FATF for high-risk jurisdictions
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FATF publishes two lists to identify jurisdictions with strategic deficiencies: the 'grey' list for jurisdictions under enhanced surveillance and the 'black' list for non-cooperative jurisdictions. These lists are based on rigorous mutual evaluations.
Categorize items by dragging them to the appropriate zones
Items to categorize:
International
European
National
FATF operates at the international level, the EBA at the European level, while TRACFIN, the ACPR, and the AMF operate at the national level. This articulation enables an effective fight against money laundering at different levels.