Featured France

Wife of missing Interpol chief seeks Macron’s help during Xi visit

The wife of the missing Chinese former head of Interpol said she had written to French President Emmanuel Macron to ask for his help on the eve of a visit by his counterpart . Grace Meng told France 24 she had not heard from her husband Meng Hongwei since he… Read More

Russian tycoon Kerimov back under investigation in France over tax

A French judge placed Russian tycoon Suleiman Kerimov back under formal investigation on suspicion of complicity in aggravated tax fraud, the prosecutor in the southern city of Nice said on Wednesday. French investigators allege that Kerimov, whose family controls Russia’s largest gold producer Polyus, deceived the tax man over the… Read More

Deja vu: UBS tax case dredges up Swiss bank nightmares

A Swiss court will decide within weeks whether UBS must hand over historical client data to French tax authorities, a ruling that could open the door to fresh financial claims against Switzerland’s banks. Although Switzerland exchanges bank account data on current clients with dozens of countries to crack down on… Read More
7th March 2019
French judges have dropped preliminary charges against LafargeHolcim’s former Chief Executive Eric Olsen, said Olsen’s lawyer, which came as part of a wider investigation on whether the company helped finance Islamic State in Syria. French authorities are looking into whether French cement maker Lafarge, which was taken over by Swiss… Read More
7th March 2019
Shares in French bank Credit Agricole fell by more than 2 percent on Wednesday, with traders saying the drop was linked to media reports about a money laundering network alleged to have channeled billions of euros from Russia. Two traders linked the drop to a report in French newspaper Les… Read More
13th February 2019
Police in France and Italy have swooped in on suspected members of a gang that operated a ‘complex’ network which involved moving dirty cash to Algeria from Europe. The criminal cash flows are estimated at €5 to €7 million per month. “Money originating mainly from drug trafficking and tax evasion… Read More
12th February 2019
The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday. Under French law, home owners in Paris can rent out… Read More
11th February 2019
A new scheme that trains bank staff to spot the signs of a scam and help customers deemed at risk has helped prevent £38 million in fraud, an industry group said. Under the Banking Protocol, staff can request an immediate police response to the bank if they believe someone is… Read More
7th February 2019
AP — European Council President Donald Tusk took a swipe Wednesday at some Brexit-backers in Britain, wondering aloud what “special place in hell” might be reserved for those who had no idea how to deliver the country’s exit from the European Union. With less than two months to go until… Read More
5th February 2019
France, Germany and the United Kingdom (E3) have announced the creation of a new platform aimed at facilitating legitimate trade between European firms and Iran, which will operate under the ‘highest standards’ of financial crime compliance, officials said. Called INSTEX SAS (Instrument for Supporting Trade Exchanges), the special purpose vehicle… Read More
1st February 2019
In Frankfurt and Paris, the flood of banking jobs predicted to arrive after Brexit is, for now, little more than a trickle. An analysis of job postings on eight of the world’s major investment bank websites show a modest push to recruit staff in other European cities but little to… Read More
31st January 2019
The European Commission has written to authorities in Germany and France, as well as eight other countries, for failing to completely transpose the EU Fourth Anti-Money Laundering Directive (4AMLD) into national law. The directive introduces key changes in the fight against money laundering, such as implementing central registers… Read More
25th January 2019
AP – France’s finance minister says that Carlos Ghosn, who is fighting breach of trust and other charges in Japan, has resigned as head of Renault. Ghosn has been detained for more than two months in Japan. French Finance Minister Bruno Le Maire said… Read More