Section 6: Procedures and internal control

I. – The persons referred to in Article L. 561-2 shall set up an organisation and internal procedures to combat money laundering and terrorist financing, taking into account the risk assessment provided for in Article L. 561-4-1. Taking into account the volume and nature of their business and the risks presented by the business relationships they establish, they shall determine a profile of the business relationship enabling the constant vigilance…

I. – Where the persons referred to in Article L. 561-2 are part of a group within the meaning of Article L. 511-20, a financial conglomerate within the meaning of Article L. 517-3, a group within the meaning of Articles L. 322-1-2, L. 322-1-3 and L. 356-2 of the French Insurance Code, within the meaning ofArticle L. 111-4-2 of the French Mutual Code or within the meaning ofArticle L. 931-2-2…

In order to ensure compliance with the obligations laid down in Chapters I and II of this Title, the persons referred to in Article L. 561-2 shall provide regular information to their staff. To the same end, they shall set up all appropriate training programmes. For the purposes of this Article, the agents mentioned in Article L. 523-1 and the persons used by electronic money institutions to distribute electronic money,…

The persons listed in Article L. 561-2 and the supervisory authorities mentioned in Article L. 561-36 shall receive from the department provided for in Article L. 561-23 any information it has on money laundering or terrorist financing mechanisms.