French Finance Minister Introduces Bill to Prevent and Combat Transnational Corruption

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Author: 

Bruce Zagaris and Margaux Glovier

Date Published: 

Friday, April 22, 2016

Volume: 

32

Issue: 

4

Subject Areas: 

Bank Secrecy
Banking Supervision
Bribery
Compliance
Corruption
Data Privacy
Data Sharing
Disclosure
Evidence Gathering
Evidence Sharing
Financial Enforcement
Financial Supervision
Information Exchange
International Cooperation
International Law
Legislation
Money Laundering
Offshore Banking
Offshore trusts
Oversight
Penalties
Policy/Directives

Geographic Identifier: 

France

Abstract: 

On March 31, 2016, French Finance Minister Michel Sapin introduced a bill, entitled Le Projet de Loi Transparence, Lutte Contra la Corruption, et Modernisation de la Vie Economique (or Law for Transparency, Fight against Corruption, and Modernization of Economic Life) to bring France into compliance with the OECD Convention to Prevent Transnational Corruption of Public Officials. The bill would replace the existing agency, Service Central de Prévention de la Corruption (SCPC) or Central Office for Prevention of Corruption