A new law aims to bring French transparency and
anti-corruption standards in line with international practices.
But its provisions have yet to be tested in
On November 8 2016, the French parliament passed a law
targeting transparency, anti-corruption and the modernisation
of the economy, known as the Sapin II law. It entered into
force on December 11 2016. Consequently, implementation of
compliance programmes within companies will have to be
effective by mid-2017.
Although implementing decrees are yet to be released,
companies and their directors should prepare for new
requirements creating internal compliance programmes and be
aware of the sanctions that can be imposed on any company and
its directors who fail to implement them.
Compliance programmes and related sanctions
A broad scope
The provisions relating to the implementation of compliance
programmes are applicable to any company with (i) at least 500
employees, or belonging to any group whose parent...