Publication
The new framework for stopping scams before they start
Scams are a global phenomenon and no business is immune. In addition to reputational damage and a likely increase in customer complaints.
Global | Publication | February 2018
Pursuant to a French Order dated 1 December 20161 which implements the EU anti-money laundering Directive2 dated 20 May 2015, all companies established in France must identify their “effective beneficiaries” and shall file such information with the clerck of the Commercial Court which will keep a specific register in this respect.
This new filing obligation applies to legal entities registered as from 1 August 2017 but all entities registered before such date have an obligation to regularize their situation and make such filing before 1 April 2018.
Failure to file the information or filing inaccurate or incomplete information is punished as follows:
The Corporate and M&A lawyers in Norton Rose Fulbright’s Paris office can assist you in complying with this new obligation within the tight deadline to avoid any potential sanctions.
Order n° 2016-1635 dated 1 December 2016.
EU Directive 2015/849 dated 20 May 2015.
Publication
Scams are a global phenomenon and no business is immune. In addition to reputational damage and a likely increase in customer complaints.
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