This analysis, which will be regularly updated, should help all French actors understand and take ownership of the anti-money laundering system, the risks identified and their obligations. The fight against money laundering and the financing of terrorism is one of the national priorities.

Introduction by Didier Banquy, President of the Steering Committee for the Fight against Money Laundering and the Financing of Terrorism (COLB)

The fight against money laundering and the financing of terrorism (AML-CFT) is at the heart of
national priorities of the France. Threats posed by terrorism and
networks and activities organised and financial crime, the high expectations expressed by society in the face of delinquency
economic and financial, and the need< to preserve the integrity of our financial system are at > at the heart of the issues facing our country. They fully justify a level of ambition
and the importance of French policy in this area. This policy has been amplified and strengthened
in response to the terrorist attacks committed on French territory since 2015. The Government a
several structural reforms have been undertaken in recent years to prevent cases of money laundering
of capital, to dry up the sources and modalities of terrorist financing and to suppress all forms of money laundering and terrorist financing. The constant evolution of the legislative and
framework French regulations demonstrate the continued commitment of the French authorities to adapt to
new risks, in particular the terrorist threat and emerging threats.
AML/CFT policy is based on national instruments, but by nature has a character
international. In this context, the strengthening of international standards is at the heart of
French concerns. Because of its economic and financial weight at the international level and a fortiori
France bears a special responsibility in this fight. She defends
firm positions and promotes a high level of demand on the international scene, both with regard to the
fight against money laundering than against the financial circuits used by terrorists, so that the
the highest standards, particularly in the fatf framework, are adopted in the majority of countries.
It also works to ensure that the most at accompanied in the implementation of these standards. The France also reached its
European partnersthe revision of the anti-money laundering directives, in order to adapt the regulatory framework
new threats (virtual currencies, electronic money), leading to the adoption of a
Fifth Anti-Money Laundering Directive in Europe.
At the national level, AML-CFT policy requires the concerted and coherent mobilisation of all
the levers of action available to our country. In addition to a strong regulatory framework, involvement
constantly strengthened of the authorities and administrations concerned as well as cooperation
permanent between authorities involved in AML/CFT contribute to strengthening the collective effectiveness of
French system, from prevention to repression, through the collection of information and the investigation.
Finally, the full mobilization of the private sector, which remains confronted on the front line with the threats of
money laundering and terrorist financing, in particular the financial and non-financial professions
those most exposed to circumvention or criminality patterns that are now subject to br AML-CFT system is an indispensable cog in this policy of prevention, detection and
repression.
The purpose of this national risk analysis is to identify, at the French national level, the
key threats, vulnerabilities and the resulting level of risk for each vector
significant money laundering and terrorist financing. It contributes to promoting, in the same way
how the many forums for dialogue, exchange and consultation with the
administrations, authorities, investigation services and professions subject to it, a broader understanding
and better ownership of AML-CFT risks and associated obligations. This analysis
finally participates in the necessary permanent adaptation, in good understanding with all parties
stakeholders, of the French AML-CFT system.