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ACPR Publishes 2024 Annual Report

30 May 2025

ACPR Publishes 2024 Annual Report

The French Prudential Supervision and Resolution Authority (ACPR) published their 2024 annual report.

 

Key takeaways from the report include:

➡️ During the year, the ACPR analysed various topics concerning AML/CTF risks such as virtual IBANs, banking-as-a-service offerings, and private banking;

➡️ In 2024, the ACPR published guidelines on sectoral application principles for dealing in gold and other precious metals, and worked with Tracfin to update their joint guidelines on reporting obligations;

➡️ 944 institutions were individually assessed by the regulatory during the year, and 35 on-site inspections were carried out;

➡️ Following on-site inspections, the ACPR referred 315 Suspicious Transaction Reports after identifying cases that institutions had not reported; and

➡️ The ACPR issued 3 penalties in 2024, totalling €5.2m relating to AML/CTF and sanctions breaches.

✅ Firms operating in France should review the penalty case studies detailed in the report and ensure their control frameworks are robust enough to prevent similar breaches.