On June 2, the French ministry of Justice released a new order addressed to French prosecutors on the criminal policy relating to international corruption and how such cases should be handled.
In this order, which...more
The COVID-19 crisis has triggered a resurgence of fraudulent international wire transfers. Companies and banks should therefore be extra vigilant when dealing with international wire transfer orders....more
3/31/2020
/ Banks ,
Coronavirus/COVID-19 ,
Cross-Border Transactions ,
Employee Training ,
France ,
Fraudulent Transfers ,
Fraudulent Wire Transfers ,
Multinationals ,
Phishing Scams ,
Ransomware ,
Risk Management
The French Financial Markets Authority ("AMF") has just carried out a complete overhaul of its doctrine on Anti-Money Laundering/Combating the Financing of Terrorism ("AML/CFT") and published its new guidelines setting out...more
12/13/2019
/ AMF ,
AML/CFT ,
Anti-Money Laundering ,
Automation Systems ,
Beneficial Owner ,
Customers ,
Due Diligence ,
Financial Markets Authority ,
France ,
New Guidance ,
Politically Exposed Person (PEPs) ,
Terrorist Financing Regulations ,
Tracfin
The French Anti-corruption Agency ("AFA") has published a draft "Guide on Gifts and Invitations Policies" ("Guide pratique sur les politiques cadeaux et invitations en entreprise") for corporations and non-profit...more
10/14/2019
/ 501(c)(3) ,
AFA ,
Anti-Corruption ,
Best Practices ,
Bribery ,
France ,
Gifts ,
Invitations Policies ,
Multinationals ,
New Guidance ,
Sapin II
France is aligning itself with the US model of corporate prosecution -
The new guidelines released by both the French Anticorruption Agency ("AFA") and the National Financial Prosecution Office ("PNF") on 27 June, 2019...more
7/23/2019
/ AFA ,
Aggravating Factors ,
Anti-Corruption ,
Attorney-Client Privilege ,
Blocking Statutes ,
CJIP ,
Corporate Misconduct ,
Criminal Prosecution ,
Deferred Prosecution Agreements ,
France ,
Internal Investigations ,
Mitigating Factors ,
Privilege Waivers ,
Sapin II
On 4 February 2019, the French anti-corruption Agency ("AFA") released its Guide on the anticorruption compliance function in companies. This is the first out of a series of six guides that the AFA will release soon....more