Tag: France

Societe Generale Unit Gets France’s First Crypto License – Bloomberg

Societe Generale’s blockchain unit received the first license issued under France’s new crypto rules, ramping up the investment bank’s expansion into digital assets. Societe Generale Forge was designated a digital asset service provider, or DASP, by France’s Autorité des Marchés Financiers on Tuesday, according to the regulator’s website. The license will enable Forge to meet demand from institutional clients for…

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Binance Under Investigation in France, Accused of ‘Serious’ Money Laundering: Report

Binance’s French unit is under investigation by local authorities for the “illegal” provision of digital asset services and “acts of aggravated money laundering,” the Paris public prosecutor’s office has confirmed to CoinDesk. Allegations against Binance from French prosecutors “relates on the one hand to acts of illegal exercise” of operating as a digital asset service provider and “acts of aggravated…

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Banker’s Phone Tapped in French Crackdown on Insider Trading – Bloomberg

Neither of them knew it, but police were listening to those November 2015 phone calls. French authorities had been seeking evidence in a sprawling inquiry into suspicious trades in more than a dozen securities, including ad agency Publicis Groupe, automaker Peugeot, and cement producer Lafarge. The investigation, France’s biggest-ever probe of insider trading, marks a major departure in a country…

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Xavier Oustalniol: French enforcement action under Sapin II – The FCPA Blog – The FCPA Blog

There is some recent news from the front lines concerning the Agence Française Anti-Corruption’s and French prosecutor’s actions against companies that violate the French Anti-Corruption Law, Sapin II, and the use of the Convention Judiciaire d’Interêt Public. The Agence Française Anti-Corruption (AFA) published new Convention Judiciaires d’Interêt Public (CJIP) concerning two separate corruption matters involving French companies. via Xavier Oustalniol:…

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French Anti-Corruption Law Reform: A Paper Tiger Or A Paradigm Shift? – FCPA Professor

Castigated for its meager prosecution of corporations for corruption offenses, particularly involving conduct overseas, France is currently in the process of revising its anti-corruption framework.  A new law, announced with great pomp, will be debated in the French National Assembly in the coming weeks, and may be adopted by summer. This guest post for FCPA Professor provides a status update…

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