Regulatory Alerts2018-11-12
Instruction No. 2018-I-20 of November 12, 2018, regarding information on the anti-money laundering and counter-terrorist financing framework for entities under Article L. 561-2 of the Monetary and Financial Code
The Prudential Control and Resolution Authority (ACPR) mandates specific entities, including electronic money issuers and payment service providers, to submit detailed anti-money laundering and counter-terrorist financing (LCB-FT) reports. These organizations must provide statistical data, risk assessments, and internal control descriptions via designated forms to the ACPR's General Secretariat within 30 days of commencing activity and annually by March 31. The instruction supersedes previous guidelines and establishes strict retention and submission protocols for financial and compliance information.
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