Knowledge Base
Prepare and submit accurate reports to competent authorities regarding financial crimes.
Which sector contributed the majority of reports received by TRACFIN in 2024?
In 2024, TRACFIN received 211,165 suspicious transaction reports, with the financial sector accounting for 93.1% of all declarations.
What is the penalty for unauthorized disclosure of a suspicious transaction report?
Article L.561-18 of the Code monétaire et financier guarantees the confidentiality of declarations and provides for a fine of 22,500 euros in the event of unauthorized disclosure.
What is the deadline for filing a suspicious transaction report according to the 2025 ACPR-TRACFIN guidelines?
The 2025 ACPR-TRACFIN guidelines stipulate that the deadline for filing a suspicious transaction report is eight calendar days from the trigger event identifying the date on which the transaction becomes suspicious.
Must a suspicious transaction report be filed prior to the execution of the transaction, in accordance with Article L.561-16 of the Code monétaire et financier?
Yes. Under Article L.561-16 of the Code monétaire et financier, the report must be filed prior to execution of the transaction to allow TRACFIN to exercise its right of opposition. Exceptions exist for three specific situations.
Main platform for suspicious transaction reports since 2012
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The ERMES platform (Échange de Renseignements par Messagerie en Environnement Sécurisé) has been the main channel for transmitting suspicious transaction reports since 2012.
Can a suspicious transaction report be based solely on a client's reputation without further justification?
No. According to AMF guidelines, a report cannot be based on a mere assumption linked to the client's activity or reputation without further specification of the grounds for suspicion. A thorough intellectual analysis is required.
Categorize items by dragging them to the appropriate zones
Items to categorize:
Criminal offenses without specific criteria
Offenses requiring specific criteria (tax fraud)
Attempted suspicious transactions
Triggering elements include suspicious transactions linked to criminal offenses such as breach of trust, fraud, counterfeiting, insider trading, market manipulation, undeclared employment, and misappropriation of public funds. Tax fraud requires the presence of at least one of the sixteen criteria defined in Article D.561-32-1, II of the Code monétaire et financier.
According to Article L.561-15 of the Code monétaire et financier, which transactions must be reported to TRACFIN?
Article L.561-15 requires the reporting of amounts or transactions that are known, suspected, or reasonably suspected of originating from an offense punishable by more than one year of imprisonment, or that are linked to terrorist financing. This also includes attempted suspicious transactions (paragraph V of the article).