COVERAGE
Compliance Solutions for France
Tailored to France’s regulatory landscape, our tools support AML/CFT requirements, local standards, and industry needs, ensuring secure, seamless, and compliant operations.
Trusted by 1,700+ clients globally
Who are the regulators in France?
Tracfin
Tracfin, France’s Financial Intelligence Unit (FIU) under the Ministry of Economy and Finance, collects, analyses, and shares reports of suspicious transactions with relevant law enforcement and judicial authorities.
Autorité de Contrôle Prudentiel et de Résolution (ACPR)
The ACPR is France’s prudential supervision and resolution authority, overseeing banks, insurers, and other financial institutions to ensure compliance with AML/CTF regulations.
Autorité des Marchés Financiers (AMF)
The AMF regulates and supervises France’s securities markets, including stock exchanges, investment firms, asset managers, and other participants in the capital markets.
Banque de France
France’s central bank, Banque de France collaborates with regulatory authorities to monitor and support AML/CTF compliance across the country’s financial sector.
Who is regulated in France?
Financial Institutions (FIs)
Who are classified as FIs?
Banks
Payment and e-Money Institutions
Investment Firms
Insurers
Crypto/Virtual Asset Service Providers (VASPs)
Designated Non-financial Businesses and Professions (DNFBPs)
Who are classified as DNFBPs?
Real Estate Agents
Dealers in High Value Goods
Lawyers
Accountants
Notaries
Expectations for regulated firms
Apply a risk-based approach to customers, products and channels. Maintain Customer Due Diligence (CDD) (ID verification, beneficial-owner checks) and ongoing monitoring.
File suspicious transaction reports (STRs) to TRACFIN and keep documented internal controls and audit trails.
AML/KYC Checklist for France
- Verify customer identity and legal status before onboarding.
- Identify and verify beneficial owners for legal entities.
- Perform risk profiling (PEP checks, sanctions screening, geography, product risk).
- Apply Enhanced Due Diligence (EDD) for high-risk relationships and record source of funds when required.
Supervision & Enforcement
Prudential supervisors (ACPR / Bank of France) and market regulator (AMF) conduct on-site and off-site inspections, require remediation, and can impose administrative sanctions. TRACFIN handles STR analysis and transfers cases to law enforcement when needed.
Supported ID documents from France
National ID
Idenfo can verify the French National ID (Carte Nationale d’Identité), issued by the French Ministry of the Interior, ensuring accurate data matching and full compliance with French regulatory requirements.
Document Verification
- Evaluates document quality by checking for glare or blur.
- Identifies any signs of tampering or forgery within the document.
- Confirms the authenticity of hologram prints.
- Extracts key data using optical character recognition (OCR).
NFC Scanning
- Reads data from the identity card's NFC chip.
- Verifies the NFC chip data for integrity and authenticity.
French Passport
Idenfo verifies French passports issued by the French Ministry of the Interior, confirming the holder’s name, date of birth, and contact details as part of Enhanced Due Diligence for KYC in France.
Document Verification
- Evaluates document quality by detecting glare or blur.
- Identifies potential tampering or forgery.
- Verifies the document’s format for accuracy.
- Cross-checks data against the MRZ code and hologram.
NFC Scanning
- Reads data from the passport's NFC chip.
- Verifies the NFC chip data for integrity and authenticity.
How it works
Document Capture
Scan and extract key identity details from official documents.
Liveness Check
Ensure the person is real and matches their verified ID photo.
Data Verification
Cross-check personal details against trusted government sources.
Risk Screening
Assess AML and sanctions risks before onboarding customers.
User Authentication
Simplify returning logins with secure biometric authentication.