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NEWS: Magnant takes up duties as new head of France’s FIU, Tracfin

CHIEF: Antoine Magnant, the newly appointed chief of France's AML agency, TRACFIN, will speak at 'European Anti-Financial Crime Summit 2024', on May 16 in Dublin, it was announced today.

FRANCE’s new FIU chief Antoine Magnant officially took up duties as Director of Tracfin today (Tuesday).

Magnant was appointed to the role by the Council of Ministers on March 6 last. He was previously Deputy Director General of the Direction générale des Finances publiques and replaces the previous incumbent Guillaume Valette Valla.

“Antoine Magnant will now put his skills and commitment at the service of the agents and missions of the Bercy Financial Intelligence Service,” the agency announced today.

“I am proud and honored to join Tracfin, an emblematic service of the Republic whose mission is fundamental to the preservation of our country’s interests,” Magnant said.

“I have been passionate about the subject for a long time and I am pleased to continue in my new role this action to identify and suppress fraudulent or criminal financial schemes. With the talent and involvement of Tracfin’s investigators and analysts, I am fully confident in our ability to carry out this mission and meet the expectations of our administrative and judicial partners,” he added.

Tracfin has 200 agents responsible for France’s AML/CFT regime.

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