STRs show 661 million euros and a sharp rise in fraud-driven money laundering via “transit accounts”
19/07/2025
The ACPR, France’s leading banking and insurance supervisor, conducted a thematic review in 2024 focused on how these mule accounts facilitate the rapid movement of criminal funds.
In its resulting report, it highlighted a sharp rise in fraud-driven money laundering via “transit accounts”, and the ACPR’s 2024 thematic review appears to be drawn from the ACPR’s 2024 Annual Report.
This report includes detailed insights into:
- The use of mule or transit accounts to facilitate illicit fund flows;
- The 661 million euros in suspicious transfers were identified in 2023;
- A thematic review of 13 French financial institutions, both digital and traditional, selected for their exposure to these risks; and
- Identified gaps in AML controls and evolving laundering typologies.
The analysis shines a light on both evolving typologies and gaps in AML (anti-money laundering) defences, offering a rare, data-driven look into the vulnerabilities currently being exploited at scale across the sector.
You can access the full report directly from the ACPR’s official site here: Rapport annuel de l'ACPR 2024.
Rapport annuel de l'ACPR 2024
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.