Title VI: Obligations relating to the fight against money laundering, the financing of terrorist activities, prohibited lotteries, gaming and betting and tax evasion and fraud

Throughout the duration of the business relationship and in accordance with the conditions laid down by decree of the Conseil d’Etat, these persons shall, within the limits of their rights and obligations, exercise constant vigilance and carefully examine the transactions carried out, ensuring that they are consistent with their up-to-date knowledge of the business relationship.

I. – For the persons mentioned in 1° to 6° and 7° bis of Article L. 561-2, the obligations laid down in I and III of Article L. 561-5 and in Article L. 561-5-1 may be implemented by a third party in either of the following two cases: 1° The third party is a person mentioned in 1° to 2° ter or 3° bis, 5°, 6°, 12°, 12° bis or…

Lawyers and the persons mentioned in 18° of Article L. 561-2 may provide each other with information gathered for the purposes of implementing Articles L. 561-5, L. 561-5-1, L. 561-6, and L. 561-9 to L. 561-10-2.

I. – When a person referred to in Article L. 561-2 is unable to meet the obligations laid down in Article L. 561-5 or Article L. 561-5-1, it shall not carry out any transaction, whatever the terms and conditions thereof, nor establish or continue any business relationship and may transmit the report provided for in Article L. 561-15 under the conditions laid down in that Article. If the declaration has…

The persons mentioned in Article L. 561-2 may implement the provisions of Articles L. 561-5, L. 561-5-1 and L. 561-6 in the form of simplified due diligence measures in any of the following cases: 1° They consider the risk of money laundering and terrorist financing to be low ; 2° The customers, services or products are on the list of persons, services or products presenting a low risk of money…

If there is no suspicion of money laundering or terrorist financing, the persons who issue electronic money referred to in 1°, 1° ter and 1° quater of Article L. 561-2 are not subject to the due diligence requirements laid down in Articles L. 561-5 and L. 561-5-1, subject to compliance with conditions, in particular thresholds, defined by decree in the Conseil d’Etat.

The persons referred to in Article L. 561-2 shall apply additional customer due diligence measures, over and above the measures provided for in Articles L. 561-5 and L. 561-5-1, when : 1° The customer, where applicable his beneficial owner, or the beneficiary of a life insurance or capitalisation contract, where applicable his beneficial owner, is a person who is exposed to particular risks by virtue of the political, jurisdictional or…

I. – When the risk of money laundering and terrorist financing presented by a business relationship, product or transaction appears to them to be high, the persons mentioned in Article L. 561-2 shall implement the provisions of Articles L. 561-5, L. 561-5-1 and L. 561-6 in the form of enhanced due diligence measures. II. – The implementation of the additional vigilance measures provided for in Article L. 561-10 shall not…

The persons referred to in Article L. 561-2 shall carry out an enhanced review of any transaction that is particularly complex or involves an unusually large amount or does not appear to have any economic justification or lawful purpose. In such cases, these persons shall enquire of the customer as to the origin of the funds and the destination of these sums, as well as the purpose of the transaction…

I.-When a person mentioned in 1° to 1°c or 5° to 6°a of Article L. 561-2 has a cross-border correspondent relationship with a financial institution located in a country that is not a member of the European Union or a party to the Agreement on the European Economic Area, or a relationship with a view to carrying out securities transactions or transfers of funds, the reporting entity shall implement vis-à-vis…