Antoine Magnant appointed head of Tracfin, Bercy's monetary intelligence unit | EUROtoday

Antoine Magnant was appointed on Wednesday March 6 as head of Tracfin, the monetary intelligence unit connected to the Ministry of the Economy, in accordance with the report of the Council of Ministers.

A graduate of the National School of Administration (ENA), he “specialized in taxation, accounting, the fight against fraud and in the organization and improvement of the operational and human performance of the General Directorate of Public Finances of which he has been Deputy Director General since 2018”specifies a press launch from Bercy.

At the beginning of the 12 months and till lately, he additionally served as interim basic director of public funds.

A “critical” inner report

Mr. Magnant will substitute from 1^er April Alban Genais, who has been appearing within the French service answerable for the battle towards cash laundering, terrorist financing and tax fraud for the reason that finish of February and the departure of Guillaume Valette-Valla.

If the departure of Mr. Valette-Valla was formally ” at his request “the media L'Informé had talked about an inner report just a few days earlier than “very critical of its management” and cited “burn-outs, repeated sick leave” and an worker departure and alternative price “exceptionally high”.

Mr. Valette-Valla defended on the finish of January, within the European Parliament, the candidacy of Paris to host the long run European authority for the battle towards cash laundering and the financing of terrorism (AMLA) and its roughly 250 staff. But it’s in the end in Frankfurt in Germany that this group will settle.