Title V: Criminal provisions

Tax fines imposed for the offences referred to in Articles L. 351-2 and L. 351-3 shall be recovered in the same way as stamp duties and, in particular, in accordance with the provisions set out in titre IV du livre des procédures fiscales.

The Treasury’s action for the detection of the offences referred to in Articles L. 351-2 and L. 351-3 is time-barred on expiry of the period provided for in the second paragraph of Article L. 188 of the Book of Tax Procedures.

The power to rule on applications by offenders for the remission of fines incurred is reserved to the competent administrative authority. The latter decides on a request submitted jointly by the Director General of Public Finances and the Director General of the Treasury.

Any de jure or de facto manager of a commercial company referred to in article R. 313-14 who contravenes the obligations referred to in I of that article, or any other legal entity or natural person who is a trader, who contravenes the obligations referred to in II of that article, is liable to a fine of 5th class. Repeated breaches of this article are punishable in accordance with article…

The competent administrative authority referred to in article D. 351-3 is the Minister for the Economy.

It is an offence for any person charged in any capacity whatsoever with the management or administration of a credit institution or one of the institutions or services mentioned in Article L. 518-1 of the French Monetary and Financial Code, with the exception of the French Treasury, failing to comply with the obligation, for any account intended to receive transactions initiated by third parties, to indicate on the account statement…