French National Police and the AMF sign financial scams cooperation protocol

NEWS
Published
Jan 13th '21
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Robert Ophèle, Chairman of the Autorité des Marchés Financiers (AMF), and Jérôme Bonet, the Director of the Central Directorate of the Judicial Police, have signed a protocol defining the framework for cooperation between the financial markets regulator and the Sub-Directorate for Financial Crime (SDLCF).

 

The protocol provides that the two parties will be able to exchange information needed to perform their respective missions, without prejudice to the confidentiality of inquiries or investigations.

 

The AMF and SDLCF will thus be able to share their knowledge in order to ensure more effective identification of any trends in new financial scams, and carry out joint prevention and awareness-raising initiatives among the general public. In September 2019, the AMF estimated that losses by French retail investors who fell victim to financial scams between July 2017 and June 2019 amounted to at least €1 billion.

 

This cooperation will also be extended to include training for police officers in charge of receiving complaints to familiarise them with the financial markets sector.

 

The protocol is one of the steps taken by the French National Police to develop its networking activities with all its institutional partners. As part of its remit to protect savings invested in financial instruments, the AMF cooperates with government departments and other authorities, such as the national anti-scam task force set up in April 2020.

 

 

Source: AMF

 

About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected and that investors are provided with adequate information.

 

The AMF also supervises the orderly operations of markets. Visit www.amf-france.org

 

About the DCPJ
The Central Directorate of the Judicial Police is an active department of the General Directorate of the National Police.

 

It takes part in criminal investigation missions nationwide, and in prevention and enforcement activities in specialised, organised and transnational forms of delinquency and crime.

 

It participates actively in the fight against terrorism and in international police cooperation, while remaining the spearhead in the fight against organised and serious crime, through its central and regional entities. www.police-nationale.interieur.gouv.fr/Organisation/Direction-Centrale-de-la-Police-Judiciaire