ICC Digital Library Forum

Does anyone know French money laundering/KYC legal requirements where a French bank is either advising/confirming a credit issued by another bank or issuing a guarantee of behalf of another bank, or where I can find out this information? Grateful if anyone could please let me know. Thanks.

Sorry I've been away for a while and didn't see your question. In fact I understand from our legal dept that the French requirements are those of the European Union, with due diligence and kyc as always. I'll try to get some more definite info for you, but won't be back to the bank before next week -- hope it isn't too urgent.

best regards
Judith

Judith,

This would be most helpful, if you were able to provide me with any info.

Incidentally, I do not want to push my luck but if you were also able to confirm the position for demand guarantees as well, issued against a non-French bank’s counter guarantee, this would be ‘the icing on the cake’. (I would have thought the position would be the same, but one never knows.)

Regards, Jeremy

Jeremy,

Hi -- have just touched down in my office before leaving again until next Monday -- you might wonder when and if I am ever here -- so does my general management I think.

Anyway, could you please give me a fax number where I could fax you some info. Also you might want to check in to the website of the French Ministry of Economy, finance and industry --
www.finances.gouv.fr where you can even go in English and go into their research -- I did it in French and asked for "lutte anti-blanchiment" -- and there are about a hundred documents so they say. But I think you are fluent in French too.
You can contact me until around 18h today at my office email : judith.autie@ubaf.fr or by phone at
+331.46.40.61.98. After that I won't be back until next monday.

Sorry, can't help you much on the guarantees.

best regards
Judith