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France to strengthen AML/CTF measures relating to crypto-assets

18 October 2024

France to strengthen AML/CTF measures relating to crypto-assets

The French government issued Ordonnance No. 2024-937 to strengthen anti-money laundering (AML) and counter-terrorist financing (CTF) obligations related to the transfer of crypto-assets.

 

Key updates include:

  • Enhanced AML/CTF measures for crypto-asset service providers, bringing them in line with EU regulations;
  • New requirements for crypto-asset transfers involving self-hosted wallets to mitigate ML/TF risks;
  • Updated procedures for vigilance and internal controls for service providers operating in France.

💡 Plenitude’s Digital Assets Practice can help your firm navigate the regulatory and supervisory landscape. Visit our website for more information https://www.plenitudeconsulting.com/services/digital-assets-practice
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