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Most small crowdfunding platforms in France do not fully vet all parties involved in the payments they facilitate and depend on other financial institutions to meet their regulatory obligations, the country's primary anti-money laundering agency has found. Two years ago, France's Autorite de Controle Prudentiel et de Resolution, or ACPR, launched a "thematic" review of "intermediaires en financement participatif," online platforms where users can solicit and raise up to €2,000 in donations, interest-free loans or investments from each contributor. French authorities including ACPR, which already views the platforms, also known as IFPs, as highly exposed to illicit finance, concluded in...