70. Are reporting entities required to enforce enhanced due diligence policies and procedures regarding politically exposed persons?

Certain professions and organizations are subject to a due diligence requirement, under which they have to produce declarations of suspicion concerning operations they find suspect. Such professions and organizations include:

financial institutions (banks, manual bureaus de change, insurance companies, investment funds and mutual organizations, etc.); chartered accountants, auditors, bailiffs; certain non-financial professions (notaries and estate agents, operators of casinos and gambling clubs, auctioneers and vendors of high-value items). Following the transposition of the third directive on the fight against money-laundering of 26 October 2005 (2008 Act), new sectors of activity have been brought into the system, including legal administrators and trustees, bailiffs and lawyers (for only some of their activities). Lastly, by an Order adopted in January2009, the due diligence requirement was extended to all persons providing public services

Source: France Diplomatie Website (https://www.diplomatie.gouv.fr/en/french-foreign-policy/defence-security/money-laundering-and-corruption/)