Article L571-12 of the French Monetary and Financial Code
November 7, 2023
Any person who opens or runs a pawnshop or pledge house without legal authorisation is liable to six months’ imprisonment and a fine of €9,000. The same penalties shall apply if a person with authorisation fails to keep a register that complies with the regulations and contains, without any blanks or spaces, the sums or objects loaned, the names, addresses and occupations of the borrowers, and the nature, quality and…
