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Yes. France is a member of the European Union, which implements UN sanctions in all member states by way of directly effective regulations.
Economic and financial sanctions are an instrument of France’s foreign policy. They are designed to prohibit, restrict or constrain trade in targeted goods, technology and services and may include measures to freeze assets of persons linked to the country. (https://www.tresor.economie.gouv.fr/Ressources/sanctionsfinancieres-internationales)
Yes. France can freeze assets belonging to persons within its territory pursuant to the Monetary and Financial Code (Articles L.561 and L.562) (“the Code”).
The Code entitles the Minister to order the freezing of some or all of any funds, financial instruments and economic resources belonging to:
legal entities directly or indirectly controlled by such individuals (within the meaning of paragraphs 5 and 6 of the aforementioned Article 1 of Council Regulation (EC) No. 2580/2001) (L.562‑2 of the Code)
individuals, legal entities or organizations which have committed, or commit, or which, on account of their functions, are likely to commit, a breach of UN or EU sanctions, or which facilitate or participate in such acts
legal entities directly or indirectly controlled by such individuals (L.562-2 of the Code)
The income produced by the aforementioned funds, instruments and resources shall also be frozen.
Council Regulation (EC) No. 2580/2001:
Monetary and Financial Code (in French):
France follows the restrictive measures laid down by the UN, the EU and other international organizations which are binding on France, as well as measures introduced autonomously. Autonomous sanctions measures include financial measures, in particular the freezing of assets in France.
Yes. The General Directorate of the Treasury maintains a consolidated list of persons (both legal and natural) who are subject to asset freezing https://www.tresor.economie.gouv.fr/Ressources/11448_liste-unique-de-gels
Yes. French Customs maintain a map of export/import sanctions http://www.douane.gouv.fr/articles/a10914-restrictions-commerciales-a-l-encontrede-certains-pays
The Treasury maintains a further list https://www.tresor.economie.gouv.fr/Ressources/8465_tableau-recapitulatifdes-mesures-restrictives-par-pays
Yes. The General Directorate of the Treasury is responsible for issuing authorizations. Two types of authorization can be issued:
general license – this may be granted upon the request of the relevant financial institution or economic operator and remain effective until revoked. A general license will grant authorization for transactions of a specific type which would otherwise be subject to authorization
authorizations of a general nature – these are permanent authorizations which are publicized on its website under the relevant “country” section and under the applicable “national measures”
According to Article 459 of the Customs Code, a penalty for the violation or attempted violation of internal regulatory and legal measures, as well as regulatory measures laid down by the EU, may result in imprisonment of up to five years, confiscation of the goods and/or the means of transport used, confiscation of the goods or assets resulting directly or indirectly from the breach, and a fine equal to the minimum amount and maximum double of the amount of the violation or attempted violation.
The same penalties apply to the management and the employees of financial institutions and the institutions and persons listed in Article L.562-3 of the Monetary and Financial Code that hold or receive any funds, financial instruments or economic resources, where these circumvent their legal obligations or obstruct the implementation of relevant measures.
Monetary and Financial Code (in French) https://www.legifrance.gouv.fr/affichCode.do?cidTexte=LEGITEXT000006072026&dateTexte=20170830
Article 459 Customs Code (in French) https://www.legifrance.gouv.fr/affichCode.do;jessionid==2DFCBECD0C1BCC7BC146E0FB3D53694D.tpdila23v_3?idSectionTA=LEGISCTA000006122141&cidTexte=LEGITEXT000006071570& dateTexte=
The Ministry for the Economy and Finance (Directorate-General of the Treasury) is responsible for administering financial and trade sanctions.
Ministry for the Economy and Finance
Directorate-General of the Treasury
139, Rue de Bercy
75572 Paris Cedex 12
The Ministry of Foreign Affairs is responsible for administering sanctions relating to military equipment.
Ministry of Foreign Affairs
37 Quai d’Orsay
75700 Paris 07 SP
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