AML-FT: activity of reporting professions – 2022 report

Summary:

The 2022 annual report of Tracfin, a French financial intelligence unit, provides an overview of the declarative activity of professions subject to combating the laundering of capital and financing of terrorism (LCB-FT). The report highlights a 46% increase in information received by Tracfin in 2022, with 166,961 reports, including 162,708 suspicion declarations, 2,327 public bodies reports, and 1,845 foreign financial intelligence reports. The banking and credit institution sector remains the largest contributor, with 82,823 suspicion declarations. The report also notes the importance of mobilizing the private sector, particularly the most at-risk professions, to combat LCB-FT. Tracfin plans to strengthen and modernize its relationship with declarants, organizations, and supervisory bodies, as well as enhance their dialogue and communication. The report is the first part of a series of three, with additional publications planned to present trends and analyses in the LCB-FT sector.