A New AML Procedure For French Companies

Since 1 August 2017, legal persons registered in France have had to file a declaration identifying their beneficial owners at the office of the commercial court with jurisdiction over their place of registration.

This new obligation has been established at a time when the international community is increasingly focused on combating money laundering and terrorism financing.

Our colleagues at Lamy Lexel, our member firm in Lyon, have produced an article detailing the new regulations around the declaration of beneficial owners in France. You can read it here.