Tax havens: the French regulator requires banks “supplementary” information on their activities – Le Figaro

The regulator of French banks asked them “supplementary” information about their activities in tax havens after the indictment of General Company in the investigation of the Panama Papers

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“of course, all this information was immediately taken into account and we asked French banks to additional reporting their activities in countries considered tax havens “, said Thursday AFP a spokesman of the prudential and resolution Authority (ACPR).

the ACPR had achieved in 2015, 22 missions on site within french institutions on the fight against money laundering.

Many global banks such as HSBC and British helvètes UBS and Credit Suisse, have been singled finger for helping their clients create offshore companies via the Panamanian law firm Mossack Fonseca. In France, Societe Generale has opened 979 units of this type.

The SocGen wants to pursue Jean-Luc Mélenchon, Jerome Kerviel and David Koubbi

The French bank has defended itself by stating that a few dozen offshore companies created for its customers via Mossack Fonseca were still active and they were managed in a “completely transparent”. The group announced Thursday it would pursue defamation leader of the Left Party Jean-Luc Mélenchon and his former employee Jerome Kerviel and his lawyer David Koubbi, saying they made comments “slanderous” to against him in the Panama Papers case.

Jean-Luc Mélenchon particular said Thursday morning on France Info that bank executives were “liars” who were “being punished”, while Jerome Kerviel stated that Société Générale was “recidivist offenses”.

the unions also demand accountability from banks. Three unions of banks on Thursday called for the intensification of the fight against tax evasion and to protect employees, including Societe Generale, “the front line” to confront “outrage” provoked by the case of ” Panama papers “.

employees” are and will once again first in line to suffer, instead of the real culprits, the legitimate indignation of customers and wider public, “responded in a press the CFDT union of Societe Generale (second union strength of the group).

Speaking of “executive excesses”, the organization calls “a change governance rules and general Company strategy” out “the company’s lack of transparency that facilitated fraud and cheating”.