Regulatory Alerts2019-06-06
Instruction No. 2019-I-24 of June 3, 2019 amending Instruction No. 2017-I-11 of June 26, 2017 regarding information on the anti-money laundering and counter-terrorist financing prevention framework
The Prudential Control and Resolution Authority (ACPR) amends Instruction No. 2017-I-11 to expand the scope of reporting entities to include specific insurance operators under the Insurance Code, Social Security Code, and Mutual Code. The revision updates internal control reporting requirements to incorporate tax evasion and fraud identification measures and introduces a new 'Group Approach' reporting category. Additionally, the instruction mandates electronic submission via the ONEGATE portal and allows designated compliance officers to sign specific reporting forms on behalf of senior management.
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