How France is fighting corruption

Author: | Published: 23 Feb 2017

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 practice

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...


 

 

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