Annex to ACPR guidelines
The ACPR has finalised and published the Annex on market transactions to its guidelines on KYC aspects. This is a significant development for market activities and AMAFI members. The aim of the measures is to capture the specific features of these activities in order to implement tailored due diligence measures, which are inherently different from those applicable to banking and retail services, and so improve the effectiveness of participants’ anti-money laundering/counter-terrorist financing (AML/CTF) systems.
The document, which takes into account the most recent comments made by the association, meets AMAFI’s key goals because it states, in a written ACPR policy, that:
Request for clarification
AMAFI sent to the appropriate French authorities (DGT, INPI, DGFIP and ACPR) a list of issues requiring clarification following transposition of the Fifth AML/CTF Directive and publication of the new cross-sector executive order on AML/CTF internal control.