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Article R561-47 of the French Monetary and Financial Code

I. – When a case is referred to the National Enforcement Committee pursuant to Article L. 561-38 on the basis of an inspection report drawn up in accordance with Articles R. 561-39 and R. 561-40, the notification of complaints provided for in Article L. 561-41 is sent by the Secretary General by registered letter with acknowledgement of receipt. It shall be accompanied by a copy of the inspection report. II….

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Article R561-48 of the French Monetary and Financial Code

The Chairman of the National Enforcement Committee will summon the respondent to a hearing by registered letter with acknowledgement of receipt, within a period of not less than fifteen days from the expiry of the period referred to in II of Article R. 561-47. The person being heard may be assisted by counsel.

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Article R561-49 of the French Monetary and Financial Code

I. – The composition of the National Enforcement Committee is communicated to the respondent, who may request that one of its members be challenged if there are serious grounds for doubting the member’s impartiality. The request for recusal must be submitted to the General Secretariat by the accused party or his representative within eight days of the discovery of the reason for recusal or, in the case of the rapporteur,…

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Article R561-50 of the French Monetary and Financial Code

The National Enforcement Committee meeting is open to the public at the request of the respondent. However, the Chairman may prohibit the public from entering the meeting room during all or part of the meeting in order to preserve public order or when publicity is likely to infringe business secrecy or any other secret protected by law. The Commission may hear any person it deems useful. Minutes of the meeting…

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Article R561-50-1 of the French Monetary and Financial Code

For the purposes of III of Article L. 561-40, the Commission’s decision shall be published on the Commission’s website. The publication shall mention at least the sanction imposed and the nature of the offence committed, as well as, except where the sanctioning authority applies the second paragraph of III of Article L. 561-40, the identity of the natural or legal person sanctioned. This publication takes place after the authority has…

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Article R561-50-2 of the French Monetary and Financial Code

Without prejudice to the publication on the website provided for in Article R. 561-50-1, the decision may also be published, on expiry of the appeal period, in the publications, newspapers or media designated by the Commission. When an appeal is lodged against this decision, this is mentioned on the website mentioned in the previous paragraph. The same applies if the decision is annulled or reversed.

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Article D561-51 of the French Monetary and Financial Code

The purpose of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Policy Board is : 1° To ensure better coordination between government departments and supervisory authorities involved in the fight against money laundering and terrorist financing, in order to enhance the effectiveness of this fight; 1° bis Strengthen the exchange of information between those involved in preventive and repressive measures; 2° Promote consultation with the persons referred to…

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Article D561-52 of the French Monetary and Financial Code

The Steering Committee is chaired by a qualified person appointed jointly, for a renewable period of three years, by the Minister of the Economy and the Minister of the Budget, after consultation with the Minister of the Interior and the Minister of Justice. The Chairman is assisted by a Vice-Chairman, who is appointed by the Minister of Justice for a renewable period of three years, after consultation with the Minister…

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Article D561-53 of the French Monetary and Financial Code

I. – In addition to its Chairman, the Steering Committee comprises the following thirty members: 1° From government departments : – the Director General of Customs and Excise or his representative ; – the Director General of Public Finances or his representative ; – the Director General of the Treasury or his representative – the Director General of the National Police or his representative; – the Director General of the…

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