Knowledge Base

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

Questions

What is the minimum turnover threshold for a company to be subject to the obligations of the loi Sapin 2?

50 million euros

100 million euros

200 million euros

300 million euros

What is the maximum fine that can be imposed under a CJIP?

10% of average annual turnover

20% of average annual turnover

30% of average annual turnover

40% of average annual turnover

What is one of the main reasons why companies encounter difficulties in implementing third-party assessment procedures?

Lack of resources and relationship risks with business partners

Excessive administrative complexity

Absence of a clear legal framework

Employee resistance to changing processes

What are the three fundamental pillars of anti-corruption obligations under the loi Sapin 2?

Senior management commitment, risk mapping, risk management

Employee training, accounting controls, disciplinary sanctions

Code of conduct, whistleblowing system, risk mapping

Due diligence procedures, external audits, annual reports

The loi Waserman of 21 March 2022 strengthened whistleblower protection by removing the obligation to first use the internal channel.

True

False

The anti-corruption code of conduct must be incorporated into the company's internal regulations without prior consultation with employee representatives.

True

False

Penalty for obstructing a report

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Chairmen and chief executive officers

Risk mapping

Warning by the AFA

Code of conduct

Categories:

Relevant actors

Key obligations

Administrative sanctions

Control mechanisms