London Daily

Focus on the big picture.
Thursday, Jun 18, 2026

France’s financial intelligence chief slams weak anti-corruption efforts in Germany, EU

France’s financial intelligence chief slams weak anti-corruption efforts in Germany, EU

Tracfin’s director said understanding of anti-corruption issues among EU partners was “embryonic.”
The head of France’s financial watchdog slammed anti-corruption efforts in Germany and among European partners at hearings held by a parliamentary committee in France.

Recently released documents reveal that France’s financial intelligence chief Guillaume Valette-Valla deemed the risk of corruption among French MPs, ministers and elected officials to be “incomparably much lower” than elsewhere, “including in neighboring countries.”

Valette-Valla was answering questions from MPs at a hearing of a parliamentary committee investigating foreign interference in France in February.

The head of Tracfin, an anti-money laundering unit of the French finance ministry, expressed frustration at the lack of cooperation with Germany’s Central Office for Financial Transaction Investigation, whose appointed director has yet to take office amid reports of unprocessed suspicious activity notifications.

“We are again trying to collaborate with the German financial intelligence unit that is in a complicated situation and doesn’t have [a director] for several months now,” Valette-Valla told MPs, adding that anti-corruption rules for elected officials were much looser in Germany than in France.

Valette-Valla also criticized anti-corruption efforts at the EU level, accusing “EU partners” of having an “embryonic” understanding of issues of financial corruption.

“But Qatargate has sparked aspirations to create institutions similar to those set up by the French parliament,” he said, citing compliance advisory officers, an independent administrative authority and specialized jurisdiction as such examples.

This week the EU ombudsman Emily O’Reilly called on the president of the European Parliament to deliver on transparency reforms she promised after the so-called Qatargate scandal involving MEPs broke late last year.

Germany’s Central Office for Financial Transaction Investigation didn’t immediately respond to a request for comment.
Newsletter

Related Articles

0:00
0:00
Close
Dorset Council Tests AI Tools to Streamline Local Planning Applications
UK Researchers at Kew Gardens Use AI to Speed Up Identification of Threatened Plant Species
UK Gilt Yields Ease Toward 4.8% as Inflation and Labour Market Data Weigh on Bonds
Bank of England Data Shows Resilient SME Lending Despite Economic Slowdown
UK Finance Reports Weakening Services Activity as Business Confidence Softens
UK Introduces Mandatory Internal Complaints Process Under Data Use and Access Act
Bank of England Governor Andrew Bailey Flags Geopolitical Uncertainty as Key Risk to Inflation Outlook
Bank of England Holds Interest Rates at 3.75% as Policymakers Signal Cautious Stance on Inflation Risks
Cornwall Clergy Raise £40,000 for Church Repairs Through Everest-Themed Charity Challenge
UK Business and Social Landscape Reflects Strain From Geopolitical and Domestic Pressures
Tensions Grow in UK Over Sikh Kirpan and Religious Symbolism in Public Debate
Energy Price Cap Increase Set to Lift UK Household Bills by 13 Percent
University of Reading Ranked 196th in QS World University Rankings
UK Maritime Archaeologists Identify 17th-Century Dutch Shipwreck Off Devon Coast
Oxford Union Islam Debate Sparks Protest From Faith Leaders in UK
UK Social Cohesion Debate Intensifies After Religious Prejudice Survey Findings
UK SME Lending Rises Despite Geopolitical Uncertainty and Cautious Outlook
Foreign Demand for UK Gilts Remains Sensitive to Global Inflation Trends
Labour Party Faces Leadership Pressure After Weak Local Election Results in UK
Transport Costs Drive Inflation Pressure as Petrol Prices Push Up UK CPI
British Chambers of Commerce Cuts Growth Forecast as Middle East Conflict Weighs on Investment
UK Economy Grows 0.6 Percent in First Quarter but Outlook Remains Weak
Bank of England Holds Interest Rates at 3.75 Percent as Inflation Risks Persist
Energy Price Cap Rise Expected to Keep UK Inflation Above Target Through 2026
Health Authorities Warn of Rising Cases of Seasonal Respiratory Illnesses
BAE Systems and Rolls-Royce Advance Multi-Nation Fighter Aircraft Programme
National Archives Publish Declassified Documents on Cold War Energy Security Planning
British Retail Spending Rises Despite Continuing Cost-of-Living Pressures
Wales Launches Social Housing Pilot to Address Affordability Pressures
British Energy Companies Commit £5 Billion to Geothermal and Hydrogen Projects
Northern Ireland Debates Cross-Border Healthcare Partnership With the Republic of Ireland
UK Establishes National Artificial Intelligence Safety Centre With Leading Universities
UK Reports Decline in Small Boat Crossings After Expanding Intelligence Cooperation With France
Scottish Parliament Launches Inquiry Into Delays to Renewable Energy Projects
National Crime Agency Dismantles Alleged Multi-Million-Pound Money Laundering Network in London
Transport Strikes Disrupt Rail and Bus Services Across Northern England
United Kingdom and European Union Open New Security Dialogue on Defense and Border Cooperation
Bank of England Holds Interest Rates at 5% as Services Inflation Remains Elevated
UK Government Unveils Major National Health Service Reform Focused on Decentralization and Performance Funding
Government Advances New Airport Slot Rules to Ease Airline Operating Constraints
BBC Opens Flagship Science-Fiction Franchise to Competitive Production Bids
Chancellor Meets City Leaders Amid Concerns Over Gilt Market Liquidity
Rathbones Shares Fall Seventeen Percent After Regulatory Review Reveals Compliance Failings
United Kingdom Joins Group of Seven Initiative Using Artificial Intelligence and Quantum Computing for Cancer Research
Parliament Debates Doubling Tax Allowance for Pensioners After Major Public Petition
Measles Cases Exceed Seven Hundred in London and the West Midlands
British Military Leadership Faces Parliamentary Scrutiny After Defence Secretary's Sudden Resignation
House of Lords Begins Debate on Steel Industry Nationalisation Legislation
Parliament Advances Bill to Abolish NHS England and Create Single Patient Records
Parliament Fast-Tracks National Security Bill to Expand Powers Against Foreign Threats
×