Regulatory AlertsDOC-2019-17 Guidelines on the Concept of Politically Exposed Person
The French Financial Markets Authority (AMF) issued DOC-2019-17 to define the specific vigilance measures required for individuals exposed to heightened risks due to their political, judicial, or administrative functions or those of their close associates. These guidelines, updated to reflect the transposition of the 4th and 5th Anti-Money Laundering Directives, expand the scope of politically exposed persons to include political party leaders and national figures exercising such roles in France. The document mandates enhanced due diligence procedures for investment service providers and other regulated entities when dealing with these high-risk clients.
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