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Article R561-14-2 of the French Monetary and Financial Code

November 5, 2023

I. – To implement the simplified due diligence measures provided for in 2° of Article L. 561-9, the persons mentioned in Article L. 561-2 shall implement the measures for identifying the customer and the beneficial owner in accordance with the procedures provided for in Article R. 561-5, as well as the measures provided for in Article R. 561-14. II. – For the contracts mentioned in 1° of Article R. 561-16,…

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Article R561-15 of the French Monetary and Financial Code

November 5, 2023

The customers referred to in 2° of Article L. 561-9 are: 1° The persons referred to in 1° to 6° bis of Article L. 561-2 established in France, in another Member State of the European Union or in a State party to the Agreement on the European Economic Area; 2° Companies whose securities are admitted to trading on a regulated market in France, in another Member State of the European…

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Article R561-16 of the French Monetary and Financial Code

November 5, 2023

The products and services referred to in 2° of Article L. 561-9 are : 1° Life insurance or capitalisation contracts where the annual premium does not exceed €1,000 or where the single premium does not exceed €2,500; 2° Insurance contracts that do not relate to life and death or marriage and childbirth and are not linked to investment funds, do not fall within the scope of operations involving the formation…

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Article R561-16-1 of the French Monetary and Financial Code

November 5, 2023

With regard to their activities relating to electronic money, the persons mentioned in Article L. 561-9-1 are not subject to the due diligence requirements set out in Articles L. 561-5 and L. 561-5-1 if the following conditions are met: 1° Electronic money is issued for the sole purpose of acquiring consumer goods or services. In particular, it may not be used to purchase digital assets; 2° The maximum monetary value…

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Article R561-16-2 of the French Monetary and Financial Code

November 5, 2023

The persons mentioned in 1° to 1°c of Article L. 561-2, acting as acquirers within the meaning of EU Regulation 2015/751 of the European Parliament and of the Council of 29 April 2015, shall only accept a payment made by means of electronic money usable on a physical medium issued in a third country and whose holder is not identified, nor his identity verified, under the conditions provided for respectively…

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Article R561-18 of the French Monetary and Financial Code

November 5, 2023

I. – For the purposes of 1° of article L. 561-10, a person exposed to particular risks by virtue of their duties is a person who holds or has held for less than one year one of the following positions: 1° Head of State, head of government, member of a national government or of the European Commission ; 2° Member of a national parliamentary assembly or the European Parliament, member…

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Article R561-19 of the French Monetary and Financial Code

November 5, 2023

The products and transactions referred to in 2° of Article L. 561-10 are bearer bonds, securities and contracts and transactions relating to these products. When a bond, security or contract referred to in the first paragraph is redeemed, the institution identifies and verifies the identity of the bearer and, where applicable, the beneficial owner, in accordance with the procedures set out in Articles R. 561-5, R. 561-5-1 and R. 561-7…

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Article R561-20-2 of the French Monetary and Financial Code

November 5, 2023

The persons mentioned in Article L. 561-2 shall define and implement procedures, adapted to the money laundering and terrorist financing risks to which they are exposed, enabling them to determine whether their customer, or its beneficial owner, is a person mentioned in 1° of Article L. 561-10 or becomes one in the course of the business relationship. When the customer, or its beneficial owner, is a person mentioned in 1°…

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Article R561-20-3 of the French Monetary and Financial Code

November 5, 2023

The persons mentioned in 2° to 2°e and 3°a of Article L. 561-2 shall take measures to determine whether the beneficiaries of life insurance or capitalisation contracts and, where applicable, their beneficial owners, are persons mentioned in 1° of Article L. 561-10. These measures are adapted to the risks of money laundering and terrorist financing to which they are exposed and are implemented, at the latest, at the time of…

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Article R561-20-4 of the French Monetary and Financial Code

November 5, 2023

I.-The persons referred to in Article L. 561-2 shall define and implement procedures enabling them to determine whether the transaction they are carrying out is one of those referred to in 3° of Article L. 561-10. II.When they carry out the operation referred to in I, the persons referred to in Article L. 561-2 apply: 1° The following additional due diligence measures, the intensity of which varies according to a…

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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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