Knowledge Base

← Financial Security: AML/CFT, Anti-Corruption, and Sanctions

Questions

Which European directive introduced beneficial ownership registers?

Click to see answer

Which body is responsible for receiving suspicious transaction reports in France?

The ACPR
The AMF
TRACFIN
The DGCCRF

Which article of the Code pénal defines money laundering as facilitating the false justification of the origin of assets or income?

Article 324-2
Article 324-1
Article 324-3
Article 324-6

What is the penalty for basic money laundering under Article 324-1 of the Code pénal?

Two years' imprisonment and a 150,000 euro fine
Five years' imprisonment and a 375,000 euro fine
Ten years' imprisonment and a 750,000 euro fine
Three years' imprisonment and a 200,000 euro fine

What is the distinguishing feature of the presumption of money laundering introduced by Article 324-1-1 of the Code pénal?

It applies only to cash transactions exceeding 10,000 euros
It concerns transactions whose conditions can have no other justification than to conceal the origin of assets
It is reserved for transactions involving politically exposed persons
It applies only to offences committed by organised crime groups

Categorize items by dragging them to the appropriate zones

Items to categorize:

Fine of up to five times the amount provided for natural persons
Ban from French territory for up to ten years
Financial penalty of up to one hundred million euros
Categories:

Criminal sanctions for natural persons

Criminal sanctions for legal persons

Administrative sanctions

Attempted money laundering is punished with less severe penalties than completed money laundering.

True
False

Anonymous prepaid cards have been banned since the fifth European directive.

True
False