Annual Activity Report 2025 of the Joint ACPR-AMF Insurance Banking Savings Unit (ACPR)

Summary

• In 2025, more than 1,300 unauthorised sites or actors were listed on the AMF and ACPR blacklists.p.5
• AMF and ACPR added 1,351 new names to their six blacklists, against 1,459 in 2024, for a total of 9,269 names at 31 December 2025.p.9
• Nearly 891 identity-theft cases were recorded in 2025.p.9
• The ABE Infoservice website recorded more than 1.1 million page views.p.7
• The BaWe campaign videos totalled more than 9.1 million views and more than 22,000 likes by year-end.p.8
• Investment-service advertising represented 12% of communications analysed in 2025, against less than 3% in 2024.p.11

Key insights

1. The AMF identified 64 emails or URLs impersonating it, against 47 in 2024.p.9
2. The ACPR identified 50 impersonations of its identity.p.9
3. Life insurance advertisements promoting extra-financial arguments rose 22% in 2025, after falling by nearly 50% in 2024.p.11
4. Among checks opened in 2024, 6 led to statements of objections and 10 to follow-up letters in 2025.p.13
5. At one financial investment adviser, the variable part of advisers' pay could be more than five times the fixed part.p.14
6. A political agreement on the Retail Investment Strategy was reached on 18 December 2025.p.20
7. New accessibility rules for banking and financial information have applied since 28 June 2025.p.21