Anti-Money Laundering & Counter-Terrorism Financing (AML/CFT)

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Our TRACFIN Compliance Commitment

At Hamaka Living, integrity, transparency, and the security of all transactions are fundamental to how we operate. As a licensed luxury real estate agency in France, we are legally required to comply with the country’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) laws, specifically through the TRACFIN unit (Traitement du renseignement et action contre les circuits financiers clandestins).

What is TRACFIN?

TRACFIN is a French government intelligence service under the Ministry of Economy and Finance. Its role is to identify and prevent illegal financial activities, including money laundering and terrorist financing. All real estate professionals in France are legally required to support this effort.

Our Legal Obligations as Real Estate Professionals

Under Articles L561-1 and following of the French Monetary and Financial Code, we are required to:

Verify the identity of all clients (buyers, sellers, tenants, and property owners), as well as their ultimate beneficial owners if acting through a company or trust.
Collect information on the origin of funds used in transactions.
Monitor and assess certain operations, and if necessary, report any suspicious activity to TRACFIN.
Keep all relevant documentation for a minimum of five years.

Why Is This Important?

This legal framework is designed to:

Maintain the integrity of the real estate market.
Prevent criminal networks from infiltrating the property sector.
Protect our clients, partners, and company from inadvertently becoming involved in illegal financial operations.

What Does This Mean for You?

As part of any transaction (property purchase, sale, seasonal rental, or asset management), you may be required to provide:

A valid government-issued ID.
A recent proof of address.
Documentation on the source of funds (bank letter, account statements, notarial declarations, etc.).
For companies: articles of incorporation, a recent company registration (Kbis), and the list of beneficial owners.

All information collected is handled in strict accordance with the General Data Protection Regulation (GDPR) and used exclusively for regulatory compliance purposes.

Contact & Compliance Support

If you have any questions about our AML/CFT policy or need assistance with compliance requirements, please contact us at:
📧 kevin@hamakastbarth.com
📞 +590 690 39 40 90