The prohibition measures taken pursuant to this chapter apply to any person who is a co-owner of the funds and to any person who holds a joint account where the other account holder is an owner, bare owner or usufructuary as referred to in the first paragraph of article L. 565-2. These measures may be invoked against any creditor or any third party who may claim rights over the funds…
The State shall be liable for the harmful consequences of the implementation in good faith, by the bodies, institutions and services governed by Title I of this Book, their managers or agents, of the prohibition measures referred to in Article L. 565-2. No professional sanction may be imposed on these bodies, institutions or services, their directors or employees.
A decree of the Conseil d’Etat shall lay down the conditions for the application of this chapter, in particular the conditions under which the bodies, institutions and services governed by Title I of this Book are required to apply the measures prohibiting the movement or transfer of funds taken pursuant to this chapter.
Notwithstanding article L. 312-1, when a financial institution subject to I of article 1649 AC of the General Tax Code is unable to identify, under the conditions set out in II of the same article 1649 AC, the tax residences and, where applicable, the tax identification numbers of an account holder and of the natural persons controlling him in accordance with the second paragraph of I of the said article…
Financial institutions subject to Article I of Article 1649 AC of the General Tax Code,Article L. 102 AG of the Book of Tax Procedures and Article L. 564-1 of this Code shall set up an internal control system specifically responsible for ensuring the implementation and proper application of internal procedures to ensure compliance with the aforementioned provisions.
Any natural person who disregards one of the disqualifications prescribed by article L. 500-1 is liable to three years’ imprisonment and a fine of three hundred and seventy-five thousand euros.
Anyone convicted pursuant to Article L. 570-1 may no longer be employed, in any capacity whatsoever, in the organisation in which he or she exercised the functions of director, manager, administrator or member of a collegiate supervisory body or for which he or she was a signatory, or in any subsidiary of this organisation. Any natural person who disregards the incapacity prescribed in this article shall be liable to the…
Legal entities found to be criminally liable, under the conditions set out in Article 121-2 of the French Criminal Code, for the offences defined in Articles L. 571-3, L. 571-4, L. 571-6 to L. 571-9, L. 571-14 and L. 571-16 incur, in addition to the fine set out in Article 131-38 of the French Criminal Code, the penalties set out in Article 131-39 of the same Code. The prohibition referred…
The judicial authorities responsible for prosecuting offences under Articles L. 571-3 to L. 571-9 and L. 571-14 to L. 571-16 may, at any stage of the proceedings, request the Autorité de contrôle prudentiel et de résolution to provide all relevant opinions and information.
Any person who disregards one of the prohibitions set out in articles L. 511-5 and L. 511-8 is liable to three years’ imprisonment and a fine of 375,000 euros. The court may order the posting or broadcasting of the decision handed down in accordance with the conditions set out in article 131-35 of the French Criminal Code.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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