Thesaurus : Soft Law

► Référence complète : Agence française anticorruption (AFA), Guide du contrôle comptable anticorruption, 2022. 

____

 

► Lire le guide

____

📧 Lire le commentaire fait par Marie-Anne Frison-Roche de ce guide. 

_______

Feb. 9, 2024

Organization of scientific events

🌐follow Marie-Anne Frison-Roche on LinkedIn

🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law

____

 Full Reference: L. Aynès, M.-A. Frison-Roche, J.-B. Racine and E. Silva-Romero (dir.), L'arbitrage international en renfort de l'obligation de Compliance (International Arbitration in support of the Compliance Obligation)Journal of Regulation & Compliance (JoRC) and Institute of World Business Law of the ICC (Institute), Conseil Économique Social et Environnemental (CESE), Paris, February 9, 2024

____

🌐consult on LinkedIn a general présentation of this event, which links to a presentation and a report of each speech 

____

🏗️This symposium takes place in the cycle of symposiums organised by the Journal of Regulation & Compliance (JoRC) and its partners Universities, focusing in 2023-2024 on the general theme of the Compliance Obligation

____

📚The works will then be inserted in the books: 

📕L'obligation de Compliance, to be published in the 📚Régulations & Compliance Serie, co-published by the Journal of Regulation & Compliance (JoRC) and Dalloz, published in French.

📘Compliance Obligation, to be published on the 📚Compliance & Regulation Serie, co-published by the Journal of Regulation & Compliance (JoRC) and Dalloz, published in English.

____

► General presentation of the symposium: "Compliance Obligation" appears to be far from International Arbitration if Compliance Law is only understood in terms of binding regulations or even Criminal Law. Arbitration would only have contact with Compliance Obligation in a repulsive way, when a person claims to have enforced a contract before an arbitration court that disregards a compliance prohibition, e.g. corruption or money laundering. It is therefore from a negative angle that the cross-over has taken place.

The fact that Arbitration Law respects the requisite of Criminal Law is nothing new.  Moreover, the power of Compliance in its detection and prevention tools, particularly in terms of evidence, no doubt increases the global efficiency.

But Compliance Obligation is based on Monumental Goals, notably linked to global human rights and active ambitions about environment and climate which, particularly in the value chain economy, take the legal form of compliance clauses, or even compliance contracts, or various commitments and plans, which the parties can ask the international arbitrator to enforce. They will do so even more as arbitrators are often the only international, or even global, judges available.

The use they will do of Contract Law, Quasi-Contract Law, Enforcement Law, Tort Law, reinforces Compliance Law in a global dimension.

____

____

► Interviennent : 

🎤 Laurent Aynès, emeritus Professor at Paris 1 Panthéon-Sorbonne University, Attorney, Darrois Villey Maillot Brochier (Paris)

🎤 Marie-Anne Frison-Roche, Professor of Regulatory and Compliance Law, Director of the Journal of Regulation & Compliance (JoRC)

🎤 Jean-François Guillemin, former General Secretary of the Bouygues Group

🎤 Christophe Lapp, Attorney, Advant Altana (Paris)

🎤 Jean-Baptiste Racine, Full Professor at Paris Panthéon-Assas University (Paris 2)

🎤 Eduardo Silva-Romero, President of the Institute of World Business Law of the ICC (Institute), Attorney, Wordstone (Paris)

____

🧮Read a detailed presentation of the event below⤵️

Feb. 1, 2024

Teachings

🌐follow Marie-Anne Frison-Roche on LinkedIn

🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law

____

 Full Reference: F. Ancel &  M.-A. Frison-RocheDroit de la compliance (Compliance Law), École nationale de la magistrature - ENM (French National School for the Judiciary), in collaboration with the École de Formation professionnelle des Barreaux du ressort de la cour d'appel de Paris - EFB (Paris Bar School), Paris, February 1 and 2, 2024

This teaching is given in French.

____

🌐consult on LinkedIn a general présentation of this event, which links to a presentation and a report of each speech

____

 Presentation of the Teaching: The aim of this two-day conference is to enable judges and lawyers to grasp the issues, objectives and methods that define Compliance Law as it is practised in companies.

The speakers will illustrate the growing trend towards litigation, which is difficult to reconcile with the supranational dimension, or even indifference to territories, for example when disputes concern systemic climate or digital issues: the result is a renewal of the role of the judge and the role of lawyers.

This must be set against the renewal of the role and operation of companies themselves.

This is analysed from the perspective of Civil Law, in particular Contract Law and Liability Law. Company Law and Criminal Law are also addressed, as well as the way in which the legal system now integrates governance, regulation, climate and digital issues and the smooth operation of financial markets through Compliance techniques.

____

 Organisation of the Teaching: This conference is divided into two parts.

The first day is designed as a presentation of the major themes through which Compliance Law crosses the branches of traditional Law. The speakers will be professors of Law who will successively summarise the branches of Law and put into perspective the way in which Compliance imperatives give rise to new situations, new difficulties and new solutions.

This enables the second day to focus on practical and topical issues and to debate controversial questions between people of different sensibilities. The participants tend to be judges, members of regulatory authorities, lawyers, members of associations and so on.

____

 Enrolment procedure: The course is open to all judicial and consular magistrates, as well as lawyers.

Registrations can be made directly with the ENM or with the EFB.

____

► Speakers :  

🎤François Ancel, Judge at the Première Chambre civile de la Cour de cassation (First Civil Chamber of the French Court of cassation) 

🎤Thomas Baudesson, Attorney at the Paris Bar, Partner at Clifford Chance

🎤Guillaume Beaussonie, Full Professor at Toulouse 1 Capitole University

🎤Jacques Boulard, Premier Président de la Cour d’appel de Paris (First President of the Paris Court of Appeal)

🎤Marie Caffin-Moi, Full Professor at Paris Panthéon-Assas University

🎤Malik Chapuis, Judge at the Tribunal judiciaire de Paris (Paris First Instance Civil Court)

🎤Lucie Chatelain, Advocacy and Litigation Manager - Civil Liability of Parent Companies, Sherpa

🎤Jean-Benoît Devauges, Directeur Juridique, Ethique et Gouvernance des entreprises (Legal, Ethics and enterprises governance Director), MEDEF

🎤Marie-Anne Frison-Roche, Professor of Regulatory and Compliance Law, Director of the Journal of Regulation & Compliance (JoRC)

🎤Arnaud Gossement, Attorney at the Paris Bar, Partner at Gossement Avocats

🎤Thibault Goujon-Bethan, Full Professor at Jean Moulin Lyon 3 University

🎤Christophe Ingrain, Attorney at the Paris Bar, Partner at Darrois Villey Maillot Brochier

🎤Isabelle Jegouzo, Director of the Agence française anticorruption - AFA (French Anti-Corruption Agency) 

🎤Anne-Valérie Le Fur, Full Professor at Versailles Saint-Quentin-en-Yvelines University

🎤Charlotte Michon, Attorney at the Paris Bar, partner at Charlotte Michon Avocat

🎤Jean-Baptiste Racine, Full Professor at Paris Panthéon-Assas University

🎤 Jean-Christophe Roda, Full Professor at Jean-Moulin Lyon 3 University

🎤Jérôme Simon, 1er Vice-Procureur Financier (First Financial Vice-Prosecutor)

____

🧮read below the programme put together and organised by François Ancel and Marie-Anne Frison-Roche, as well as the reports of each presentation⤵️

Dec. 12, 2023

Conferences

► Référence complète : M.-A. Frison-Roche, enregistrement et animation d'une série d'entretiens sur le Droit de la Compliance, in J.-Ph. Denis, Fenêtres ouvertes sur la gestion, Xerfi Canal, tenus le 12 décembre 2023, diffusés en 2024.

____

► Présentation générale de la série, comprenant les entretiens successifs  : 🧱Compliance - un sujet de choix pour nouer Droit et Gestion : La distinction des disciplines est justifiée, le droit d'une part, la gestion d'autre part : c'est maltraiter la réalité que, notamment, de dissoudre l'une dans l'autre (ce que Jankélévitch appelait "la réduction par déplacement d'une discipline") car chacune doit conserver son ancrage.

Ceci posé, parce que la réalité ne se construit suivant les disciplines, si l'on veut rendre compte de celle-ci, ou au moins en tenir compte, par exemple de la réalité des entreprises, il faut que les disciplines se croisent.

La compliance est un parfait terrain pour cela.

Merci à Jean-Philippe Denis, professeur de gestion, qui est depuis toujours ouvert à ce dialogue, de l'avoir concrétisé plus encore, en permettant une série d'interviews à la croisée du Droit et de la Gestion sur le média Xerfi Canal.

____
 

Dans un premier temps, 4 discussions ont été tenues entre Jean-Philippe Denis et moi-même sur les thèmes suivants :

  • 🎬sur la nécessité pratique de faire converger l'analyse juridique et l'analyse de gestionnaire lorsqu'il s'agit de comprendre, maîtriser, promouvoir la compliance. 
  • 🎬sur l'existence de différents systèmes de compliance selon les zones du mondes 
  • 🎬sur la "civilisation" de la Compliance
  • 🎬sur le fait que la Vigilance est la pointe avancée de la Compliance 

 

Puis, dans un second temps

  • 🎬avec 🕴️Jean-Baptiste Racine sur la manière dont l'arbitrage international est apte aujourd'hui à défendre les Buts Monumentaux de la Compliance, notamment les droits humains et les impératifs environnementaux.
  • 🎬avec 🕴️Stanislas Pottier de la façon dont les entreprises intègrent cet impératif de compliance, notamment dans sa dimension environnementale, participent à la construction européenne par cette voie, et arrivent à faire connaissance avec ce personnage assez nouveau pour elle, au moins en France : le juge.
  • 🎬 avec 🕴️Roch-Olivier Maistre du rôle que joue l'Arcom dans le nouveau système numérique qui se met en place, et quelle articulation se noue entre la Régulation et la Compliance, notamment pour mesurer en quoi la Compliance est un outil utile pour assurer une meilleure supervision des plateformes en ligne et lutter ainsi plus efficacement contre les phénomènes de manipulation de l’information et de haine en ligne.
  • 🎬avec 🕴️Eduardo Silva-Romero de l'importance grandissante de l'arbitrage international pour les entreprises, arbitrage qui intègre les intérêts des États et répond aux impératifs de Compliance.
  • 🎬avec 🕴️Christophe Lapp de la nécessité pratique de ne pas confondre la Compliance avec la simple conformité, notamment lorsque le juge est saisi, les Buts Monumentaux étant intégrés dans son raisonnement.
  • 🎬avec 🕴️Jacques Beyssade du rapport entre la gouvernance et la Compliance, illustré dans une banque mutualiste et plus particulièrement dans le recrutement et la promotion des femmes à des postes de responsabilité.

____

🌐consulter sur LinkedIn une présentation générale de cette journée d'enregistrements, renvoyant à une présentation de chaque interview

____

🔓consulter ci-dessous une présentation de chaque interview mené avec un expert en Droit sur un sujet particulier de Droit de la Compliance⤵️

Sept. 21, 2023

Thesaurus : Doctrine

 Référence complète : G. Poissonnier, "CJIP avec Technip: peut-on garder les mains propres dans le pétrole ?", JCP E, n° 38, septembre 2023, étude 1267, pp. 52-53

____

 Résumé de l'article (fait par l'auteur) : "Solution. - Une convention judiciaire d’intérêt public (CJIP) conclue par le parquet national financier et la société Technip prévoit le paiement au Trésor public d’une amende de près de 209 millions d’euros pour des faits de corruption d’agents publics étrangers.
Impact. - L’amende prononcée est substantielle mais la CJIP conclue récompense la bonne foi de l’entreprise qui a dénoncé des faits de corruption et a pleinement coopéré avec les autorités judiciaires. La question de la nature de la suite pénale qui sera donnée en cas de réitération de l’infraction est posée."

____

🦉Cet article est accessible en texte intégral pour les personnes inscrites aux enseignements de la Professeure Marie-Anne Frison-Roche

________

Sept. 7, 2023

Publications

🌐follow Marie-Anne Frison-Roche on LinkedIn

🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law

____

 Full ReferenceM.-A. Frison-Roche & Arnoldo Wald, "Le cas Petrobras, une juste adéquation de la responsabilité pour protéger les personnes impliquées dans des systèmes globaux" ("The Petrobras case: the right balance of responsibility to protect those involved in global systems"), RIDC, July-September 2023, No. 3, pp. 563-582.

____

► Summary of the article: This article briefly outlines the main aspects of corporate liability in the capital market under Brazilian law, arising from the company’s duty to inform shareholders and investors, followed by a commentary on the recent partial award in an arbitration brought by minority shareholders against Petrobras, which underlines the legitimacy of the minority shareholders to engage the company’s liability.

________

 

Sept. 6, 2023

Thesaurus : Soft Law

► Référence complète : G. Dell, Tackling grand corruption impunity. Proposal for a definition and special measures, Working Paper, Transparency International, septembre 2023

____

📙lire le Working Paper

________

 

May 11, 2023

Thesaurus : Soft Law

 Full Reference : Agence française anticorruption - AFA (French Anticoruption Agency), Presentation of various regulatory frameworks for promoting business integrity across the world, Study, May 2023.

____

📜read the study

________

March 14, 2023

Thesaurus : Soft Law

► Full Reference: Agence française anticorruption - AFA (French Anti-Corruption Agency) and Parquet national financier - PNF (French National Financial Prosecutor's Office), Internal anti-corruption investigations. Practical Guide, march 2023. 

____

📜read the guide

________

 

Feb. 2, 2023

Thesaurus : Doctrine

 Full Reference: A. Bruneau, "L'entreprise juge d'elle-même : la fonction compliance dans la banque" ("The company judge of itself: the compliance function inside the bank"), in M.-A. Frison-Roche (ed.), La juridictionnalisation de la Compliancecoll. "Régulations & Compliance", Journal of Regulation & Compliance (JoRC) and Dalloz, 2023, p. 115-131. 

____

📕read a general presentation of the book, La juridictionnalisation de la Compliance, in which this article is published

 

 

____

 Summary of the article (done by the author): First of all, it should be remembered that the compliance function was born within finance, and that by being structured, it has evolved to support the transition from regulatory law to compliance law. Through these changes, compliance has gone from an ex-post controlling function to an ex-ante binding function. The LIBOR crisis imperfectly illustrates the primacy of this transition. The evolution of this role is illustrated by concrete examples

Firstly, the management of reputational risk is a fundamental part of the company as prosecutor and judge of itself. Reputational risk is a significant element for a financial institution, because it can have negative consequences on its capitalization, or even culminate in a systemic crisis. Avoiding a large-scale financial crisis is also part of the monumental goals of compliance.

In order to avoid complex and inopportune scenarios, compliance law intervenes as early as possible and identifies issues that may impact reputation. The regulations require the implementation of certain ex ante mechanisms. The French law known as "Sapin 2" requires the implementation of tools that concern all companies (and not just banks). Indeed, beyond the risk of reputation, it is essential to consider the risk of corruption. Consideration of reputational risk may justify refusing to execute certain transactions. From this perspective, compliance must assess the potential consequences of entering into a relationship with a new client upstream, sometimes to decline the provision of services. The compliance function therefore unilaterally judges the relationship with a view to managing the company reputational risk.

Secondly, the internal sanction mechanism established by compliance law is also discussed in this article, in particular the internal sanctions adopted by compliance in a financial institution.

Compliance can act as a prosecutor via management committees set up within the business lines. In addition, compliance can determine and apply sanctions against employees. In this way, there is a dual role of prosecutor and judge for the compliance function within the framework of an extraordinary mechanism of ordinary law.

Finally, the analysis deals with the case of the "judge-judged": following a decision by the bank, the regulator may take an even stricter position by believing that the bank is applying its guidelines incorrectly. Thus, the compliance law, which takes hold within the banking enterprise, finds itself under the judgment of its own regulator. The company finds itself judged and comes to be a prosecutor and judge of itself, but also of its clients.

__________

Updated: Feb. 2, 2023 (Initial publication: March 31, 2021)

Thesaurus : Doctrine

 Full Reference: J.-B. Racine, "Compliance et Arbitrage. Essai de problématisation" ("Compliance and Arbitration : Problematisation", in M.-A. Frison-Roche (ed.), La juridictionnalisation de la Compliancecoll. "Régulations & Compliance", Journal of Regulation & Compliance (JoRC) and Dalloz, 2023, p. 265-279. 

____

📕read a general presentation of the book, La juridictionnalisation de la Compliance, in which this article is published

____

 The summary below describes an article that follows an intervention in the scientific manifestation Compliance et Arbitrage, co-organised by the Journal of Regulation & Compliance (JoRC) and the University Panthéon-Assas (Paris II). This conference was designed by Marie-Anne Frison-Roche and Jean-Baptiste Racine, scientific co-directors, and took place in Paris II University on March 31, 2021. 

In the book, the article will be published in Title II, devoted to: Compliance et Arbitrage.

____

 Summary of the article (done by the author): Under the consideration of the "Compliance Juridictionalisation", it is necessary to study in the links between Compliance and Arbitration. The arbitrator is a judge, he is even the natural judge of international trade. Arbitration is therefore naturally intended to meet compliance which transforms the action of companies in an international context. However, the links between compliance and arbitration are not obvious. It is not a question of providing firm and definitive answers, but rather, and above all, of asking questions. We are at the start of reflection on this topic, which explains why there is, for the time being, little legal literature on the subject of the relationship between Compliance and Arbitration. It doesn't mean there aren't connections.  Quite simply, these relations may not have come to light, or they are in the making. We should research  the existing or potential bridges between two worlds that have long gravitated separately: Compliance on the one hand, Arbitration on the other. The central question is: is or can the arbitrator be a compliance judge, and, if so, how?

In any event, the Arbitrator is thus in contact with matters requiring the methods, tools and logic of Compliance. In addition to the prevention and suppression of corruption, three examples can be given.

  • Arbitration has been facing economic sanctions (notably embargoes) for several years. The link with Compliance is obvious, insofar as texts providing for economic sanctions are often accompanied by compliance mechanisms, as in the United States. The arbitrator is concerned as to the fate he reserves in the treatment of the dispute with the measures of economic sanctions.
  • Competition Law is a branch that came into contact with Arbitration from the end of the 1980s. The arbitrability of this type of dispute is now established and arbitrators apply it regularly. At the same time, Compliance has also entered Competition Law, admittedly more strongly in the United States than in France. The existence, absence or insufficiency of a compliance program aimed at preventing violations of the competition rules are thus circumstances which may assist the arbitrator in the assessment of anti-competitive behavior.
  • Environmental Law is also concerned. There is environmental Compliance, for example with regard to the French law of March 27, 2017 on the duty of vigilance. Companies are thus responsible for participating in the protection of the environment, by internalizing these concerns in their internal and external operations (in their sphere of influence). As soon as an arbitrator is in charge for settling a dispute relating to Environmental Law, the question of the relationship to Compliance, from this angle, naturally arises.

It is therefore the multiple interactions between Compliance and Arbitration, actual or potential, which are thus open.

________

Oct. 12, 2022

Thesaurus

Référence complète : Jaune, R., Règles pénales et administratives de la lutte anticorruption : l'influence des normes étrangères et internationales, Revue française d'administration publique, 2020/3, n°175, p.645-659.

____

July 7, 2022

Adventures of the Ogre Compliance

 

May 16, 2022

Thesaurus : Soft Law

Référence complète : Agence française anticorruption (AFA), Rapport d'activité 2021, mai 2022, 68 p.

____

Lire le rapport

July 7, 2021

Thesaurus : 11. French Anticorruption Agency

Full reference: AFA, Commission des sanctions (sanctions commission), Société I. SA, Decision n°19-2, July 7, 2021

Read the decision (in French)

June 21, 2021

Compliance: at the moment

► It is in its "Risk and Compliance" section that the Wall Street Journal, by its article of June 18, 2021 (➡️📝Europe's Chief Prosecutor Has 300 Cases on Her Plate Already), presents the first steps of the European Public Prosecutor’s Office, since June 1, 2021.

This inclusion presupposes that it is through a Compliance Law perspective that this new body must be understood, in order to understand and anticipate its action.

In this perspective :

➡️📧Frison-Roche, M.-A., European Public Prosecutor's Office comes on stage: the company having itself become a private prosecutor, are we going towards an alliance of all prosecutors?, June 2, 2021

➡️ 💬Frison-Roche, « Le parquet européen est un apport considérable au Droit de la Compliance » (“The European Public Prosecutor's Office is a remarkable contribution to Compliance Law"), June 14, 2021

 

I. AN ACTION THAT WILL FOCUS ON FIGHTING THE MEANS USED TO DAMAGE THE FINANCIAL INTERESTS OF THE EUROPEAN UNION

The article of the Wall Street Journal takes the form of an interview with the European Prosecutor. Her responses also confirm the consubstantial link between European Public Prosecutor's Office and Compliance Law.

It is remarkable that she immediately says that she hopes the treatment of many cases, especially on healthcare and infrastructure sectors: "Our expectation is to have more cases, especially in the healthcare system, in public procurement, infrastructure, and also in agriculture ".

However, the 2017 European Regulation which established the European Public Prosecutor’s Office said that its "mandate" is to prosecute offenses affecting the "financial interests of the European Union", without being hampered by the cumbersome procedures for cooperation between States while these offenses are most often cross-border.

But one could think that, knowingly taking the means (corruption, money laundering) for the goal, the European Public Prosecutor's Office would immediately pursue not only the defense of the financial interests of the Union (admittedly financial interests damaged by corruption or money laundering) but these facts themselves: thus the European Public Prosecutor's Office works with the European Supervisory Authorities, in particular banking and financial authorities, which fight in Ex Ante against these offenses and prevent them.

 

II. AN ACTION THAT FOCUSES ON SECTORS NOT LEGALLY REGULATED IN EX ANTE BY SECTORAL REGULATORY AUTHORITIES

Moreover, it will be noted that the European Prosecutor is targeting three economic sectors which are not "regulated sectors" in the legal sense of the qualification, that is to say not monitored by a sectoral Regulatory and/or Supervision Authority: Health, Infrastructure and Agriculture.

Thus, the power of Regulatory Law, which relies in its Ex Ante, and its weakness, which derives from the pre-required existence of a sectoral Authority, is compensated: the action of the Public Prosecutor's Office is not limited to legally regulated sectors.

While Competition Authorities are mandated (➡️📅La concurrence dans tous ses états, June 25 and 26, 2021) to protect the competitive functioning of the markets, a Public Prosecutor's Office can deal with any infringement without having to determine a market.

For instance, Infrastructures don't constitute pertinent markets but can constitute fields for criminal activities, such as corruption or money laundering, justifying Compliance Law mechanisms. 

What the new European Prosecutor is aiming for, namely Health, Infrastructures and Agriculture, have undoubtedly been damaged both by the sole primacy of the Competition perspective and by a Criminal Law constrained by the difficult inter-State cooperation, even though they are not subject to a supranational Ex Ante Regulation.

The European Public Prosecutor's Office aims to directly improve this, through Entreprises acting in Health, Infrastructures and Agriculture. 

_________

 

► subscribe to the French Newsletter MaFR ComplianceTech®

June 1, 2021

Compliance: at the moment

May 5, 2021

Thesaurus : 08. Juridictions du fond

Référence complète : Paris, 5 mai 2021, Carrefour

____

 

La société Carrefour Hypermarchés commande et achète des produits référencés par sa centrale de référencement, Carrefour Marchandises Internationales (CMI), notamment ceux de la la société I2C. Or, le responsable du référencement des produits de cette société s'était vu offrir des voyages par ce fournisseur (certes avant l'établissement de la Charte éthique).

Un audit avait révélé cela après l'adoption de la charte. Par conséquent, la société CMI a mis fin à sa relation commerciale avec ce fournisseur.

Contestée sur l'allégation du caractère brutal de la rupture des relations commerciale, la Cour estime que cela est justifié car la violation de la charte éthique pouvait fonder la rupture immédiate des relations commerciales, indépendamment de leur date en raison de leur gravité. 

 

- Voir dans le même rattachement à l'obligation de vigilance sur les manquements du fournisseur, justifiant la cessation immédiate de toutes relations commerciales : 

  • Paris, 13 mars 2019, Monoprix , n°17/21477 ; 
  • Paris, 24 mars 201, Promod, n°19/15565

 

________

 

March 31, 2021

Compliance: at the moment

March 28, 2021

Compliance: at the moment

March 16, 2021

Publications : Doctrine

Référence complète : Catelan N., Saenko L., De quoi la CJIP est-elle le nom ?  in Gaz. Pal. 16 mars 2021, n°399b4, p.69. 

Feb. 24, 2021

Thesaurus : Jurisprudence

Full reference: Autorité de Contrôle Prudentiel et de Résolution (French Banking Regulator), Commission des sanctions (Commission of sanctions), 24th of February 2021, ING Bank France, procedure n°2020-02

 

Read the decision (in French)

 

In this decision, the ACPR Sanctions Commission condemns IGN Bank France to a reprimand and a financial penalty of 3 million euros because of the inadequacy of its measures to fight corruption, money laundering and financing of terrorism.

 

Extract from the decision summarizing ING France's breaches of its Compliance obligations to fight against corruption, money laundering and financing of terrorism:

"At the time of the on-site check, ING France's risk classification was incomplete and ineffective (grievance 1) and its system for monitoring its business relations (complaint 2) and their operations (grievance 4) presented serious deficiencies, as well as its organization and procedures for fund transfers (grievance 3). The updating of customer knowledge was insufficient (grievance 5), as were the detection of PEPs and the implementation of measures due diligence for this category of clientele (grievance 6). For the implementation of its due diligence obligations, numerous shortcomings were noted, whether these were breaches of the obligation to carry out a reinforced examination (grievance 7) or breaches of the obligation to send Tracfin a DS, initial (grievance 8) or additional (grievance 9). Finally, the detection of persons subject to an asset freezing measure was not fully effective (grievance 10) " (our translation of the decision which is only available in French).

Jan. 12, 2021

Thesaurus : Soft Law

► Full ReferenceAgence française anticorruption - AFA (French Anti-corruption Agency), The French Anti-Corruption Agency Guidelines. Notice on the French Anti-corruption Agency Guidelines to help public and private sector entities to prevent and detect bribery, influence peddling, extorsion by public officials, illegal taking of interest, misappropriation of public funds and favoritism, January 12, 2021

____

📜Read the guidelines

________

Dec. 16, 2020

Thesaurus : Soft Law

Référence complète: Gauvain, R. et Marleix, O., Evaluation de la loi n° 2016-1691 du 9 décembre 2016 relative à la transparence, à la lutte contre la corruption et à la modernisation de la vie économique, dite « loi Sapin 2 », Commission des Lois, Assemblée nationale, 16 décembre 2020

 

Liste des personnalités auditionnées par la mission d'évaluation

Le 20 janvier:

Le 27 janvier: 

Le 28 janvier: 

Le 10 février:

Oct. 22, 2020

Thesaurus : Soft Law

Full reference: Coeurquetin, R., Comparaison mécanique des versions 2017 et 2020 des recommendations de l'Agence Française Anti-corruption sur la cartographie des risques de corruption, October 2020, 9 p. 

Read the mechanical comparison (in French)

To go further on the question of risk mapping, read Marie-Anne Frison-Roche's working papers: Drawing up Risk Maps a an Obligation and the Paradoxe of "Compliance Risks" and Anchor Points of the Risk Mapping in the Legal System