Chapter IV: Provisions to combat money laundering and terrorist financing

A fine of 22,500 euros shall be imposed for disregarding the prohibition on disclosure laid down in Article L. 561-18, Article L. 561-24, Article L. 561-25 III, Article L. 561-25-1 II and the penultimate paragraph of Article L. 561-26.

Subject to the provisions of article 226-14 of the French Criminal Code, any person who disregards the prohibition set out in the second paragraph of article L. 561-30 shall be liable to the penalties set out in article 226-13 of the French Criminal Code.

The penalties provided for in Article 459 (1) of the Customs Code shall apply to the persons referred to in Article L. 562-4, their managers or agents and, in the case of persons subject to a freezing or prohibition order issued pursuant to Chapter II of Title VI of this Book, to evading the obligations arising therefrom or obstructing its implementation. The provisions relating to the detection, prosecution, litigation and…

The persons referred to in 8°, 9°, 10 and 15° of Article L. 561-2 shall be liable to one year’s imprisonment and a fine of 15,000 euros for failing to respond, after formal notice, to requests for information from the administrative authority responsible for the inspection referred to in I of Article L. 561-36 or for obstructing the latter in any way whatsoever in the performance of its inspection duties…

Failure to provide the persons referred to in Article L. 561-2, as part of the due diligence measures provided for in Section 3 of Chapter I of Title VI, or failure to declare to the Trade and Companies Register the information relating to beneficial owners required pursuant to the first paragraph of Article L. 561-46, or failure to declare information that is inaccurate or incomplete, shall be punishable by six…

The penalties laid down in Article L. 574-5 shall apply if the beneficial owner fails to provide the company or entity with the information required under Article L. 561-45-2 within the time limits laid down in that Article or provides inaccurate or incomplete information.