Tracfin's 2024 Activity Report

Key takeaways from the report include:

➡️ In 2024, Tracfin received over 211k suspicious transaction reports, an increase of 13.2% compared to the previous year;

➡️ 93.1% of reports were submitted by the financial sector;

➡️ Public and supervisory authorities submitted 2558 reports;

➡️ The volumes of reports in the luxury and art sector rose sharply by 254.4% to 287; and

➡️ No reports were submitted by sports agents, despite a high risk of money laundering.

✅ Firms operating in France should review their suspicious transaction reporting and escalation mechanisms, to ensure they align with regulatory expectations and facilitate robust responses and mitigations.