September 5 2017
Tracfin, the anti-whitening cell of Bercy does not idle. In 2016, it received almost 65,000 reports, an activity up 43% over the year.
This work of ant is virtually impossible without the support of the many professionals subject to the reporting obligation. Banks, insurance companies, mutual societies, management companies, notaries, casinos, art dealers, lawyers, etc. : all these professions must declare to Tracfin the financial flows which they consider “atypical”. Even the sports agents are subject to it …
Suspicion reports up sharply
In 2016, Tracfin received 62,259 reports of suspicion (+ 44%), 1,451 incoming requests (+ 3%) and 1,105 administrative information (+ 78%). Over the year, the anti-money laundering unit conducted 13,592 investigations, including 9,451 from suspicious transaction reports received in 2016.
Unsurprisingly, banks and lending institutions filed 46,901 statements (+ 50%), representing 80% of the total financial sector declarations and 75% of all declarations received by Tracfin.