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French Criminal Court Imposes Blockbuster Fine for Tax Fraud Related Offences
21 February 2019
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Paris criminal court imposed a €3.7 billion fine on a bank for illegal solicitation of financial services and aggravated laundering of the proceeds of tax fraud.
This largest-ever fine imposed by a French criminal court constitutes the biggest victory for the French National Financial Prosecutor’s office.
Given the magnitude of the fines, companies may now be more likely to consider French-style DPAs.
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Antoine F. Kirry
Frederick T. Davis
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