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Magazine Archives: Nov. 15, 2013

French Wineries Targeted for Money Laundering

Suzanne Mustacich
Issue: November 15, 2013


France's anti-money laundering authority has gone public with suspicions that foreigners are using investments in French vineyards to clean dirty money. Published in August, the 2012 annual report from the Traitement du renseignement et action contre les circuits financiers clandestins (Tracfin), part of the Finance Ministry, calls for increased vigilance when selling vineyards to foreign investors, singling out Chinese, Russian and Ukrainian buyers. But the report cautions that most foreign investors are legitimate. Wine Spectator's Suzanne Mustacich reports.


For the full article, check out the new issue of Wine Spectator, on newsstands October 22, 2013.


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