Executive summary
The French Government published, on 12 February 2020, Ordinance
No. 2020-115 (the Ordinance) regarding the strengthening of French Anti-Money Laundering and Financing Terrorism (AML/FT) framework.
This Ordinance follows the requirements mandated by the European Union (EU) Directive 2018/843 of 30 May 2018, amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (referred to as …