Crypto-assets: the Autorité des Marchés Financiers warns the public about the activities of several unauthorized entities

Compliance teams should immediately cross-check their crypto-asset exposure against the AMF's blacklist and ensure that onboarding and ongoing due diligence processes capture AMF authorization. Firms that offer crypto-related products or services should consider proactive client communications to prevent confusion and reputational damage. The warning also highlights the importance of robust third-party risk management and transaction monitoring to detect unauthorized activity.

While the warning is aimed at the public, it has direct implications for investment managers, banks, and fintechs that facilitate or advise on crypto-assets. Actionable steps include updating counterparty lists, reviewing marketing materials for unapproved entities, and reinforcing escalation procedures for suspicious crypto-asset activity. Overall, this is a moderate-impact supervisory communication that reinforces the need for heightened vigilance in the crypto-asset space, particularly as regulatory scrutiny intensifies under MiCA.