Prudential Supervision and Resolution Authority
The ACPR (Autorité de Contrôle Prudentiel et de Résolution) is the French authority for supervising banks and insurance companies, operating under the Banque de France. It ensures compliance with prudential rules, protects customers, and monitors the effectiveness of anti-money laundering programmes.
Created in 2010 through the merger of several supervisory authorities, the ACPR has a dual mandate: prudential supervision of credit institutions and insurance organisations on one hand, and monitoring compliance with anti-money laundering and counter-terrorist financing (AML/CTF) obligations on the other. It holds powers of licensing, on-site and off-site inspection, and sanctioning.
Regarding AML/CTF, the ACPR monitors the effectiveness of compliance frameworks at regulated entities: KYC procedures, transaction monitoring systems, suspicious activity reporting processes, staff training, and compliance governance. It can impose sanctions ranging from warnings to licence withdrawal, including fines of up to 100 million euros or 10% of turnover.
The ACPR regularly publishes guidelines and sector reports that serve as essential references for compliance professionals. Its thematic inspections identify best practices and recurring weaknesses. CheckFile.ai helps ACPR-supervised institutions meet identity verification requirements by automating document validation in line with supervisor expectations.
Regulations
Real-world examples
- 1.The ACPR imposes a 5 million euro fine on a bank for deficiencies in its customer identification and transaction monitoring framework.
- 2.A payment institution undergoes an on-site inspection by the ACPR focusing on the effectiveness of its remote identity verification procedures.
- 3.The ACPR publishes updated guidelines on the use of artificial intelligence in AML/CTF systems, encouraging the adoption of automated document verification solutions.