The French financial and prudential regulatory authority (ACPR) published, on 12 February 2015, an updated version of its practical guidelines of July 2010 on anti-money laundering and prevention of terrorism financing. The purpose of these guidelines is to set out the expectations of the regulatory body in respect of implementation, by the regulated entities of the insurance sector, of their obligations in relation to anti-money laundering and the prohibition to finance terrorism.
The guidelines are organised in five categories, with practical advice on compliance procedures, and also contain examples of various types of money laundering situations. The updated guidelines contain in particular a new chapter dedicated to non-life insurance, further to the bill passed by Parliament in 2012 extending some aspects of the duty of vigilance to most non-life insurance products.
A copy of the updated guidelines can be found here: https://acpr.banque-france.fr/fileadmin/user_upload/acp/publications/registre-officiel/20150218-Principes-d-application-sectoriels-ACPR-LCB-FT.pdf