Asset managers are subject to the obligation of vigilance and the obligation to declare to Tracfin. Constraints which have only one objective, that of strengthening the fight against money laundering and the financing of terrorism.

After the management company Corum Asset Management, specializing in real estate, which was sanctioned by the Sanctions Commission of the Financial Markets Authority (AMF) with a heavy fine of 600,000 euros, it was the turn of another stone-paper management company, Perial Asset Management, to be fined 250,000 euros. Both companies were convicted for cases of financial embezzlement. Inadequate internal procedures and second-level controls, insufficient collection of customer information when entering into a relationship, and shortcomings in the system for classifying customers according to their level of risk. From year to year, regulatory adjustments come to specify the obligations of vigilance and declaration incumbent on management companies. For each company assessed, the AMF scrutinizes the factors provided for by the regulations: characteristics of the clientele, geographical area of origin or destination of the funds, distribution channels, and nature of the products or services.