Call Us + 33 1 84 88 31 00

Article L523-3 of the French Monetary and Financial Code

The commissioning payment service provider shall remain fully liable to third parties for the actions of any agent it has commissioned.

The payment service provider shall ensure that its agents comply at all times with the legal and regulatory provisions applicable to them and shall subject them to its internal control system provided for in Article L. 522-14, including its system for combating money laundering and the financing of terrorism.

Original in French 🇫🇷
Article L523-3

Le prestataire de services de paiement mandant demeure pleinement responsable vis-à-vis des tiers des actes de tout agent qu’il a mandaté.

Le prestataire de services de paiement s’assure que ses agents se conforment en permanence aux dispositions législatives et réglementaires qui leur sont applicables et les soumet à son dispositif de contrôle interne prévu à l’article L. 522-14, y compris à son dispositif de lutte antiblanchiment et de lutte contre le financement du terrorisme.

Need help with this article? Get help from a French lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.

Useful links

You have a question in French Business Law?

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.

All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.