Fighting Fraud in France: How Sapin II and E-Discovery Technology Can Help
As Sapin II comes into force, it will be increasingly important to turn to technology solutions to audit compliance programs and investigate fraud.
June 29, 2017 at 09:41 AM
5 minute read
Fraud, corruption, bribery. Across the globe, these challenges hit close to home for legal and IT professionals regularly called on to collect, analyze and produce data in support of an active investigation or compliance audit.
In France, game-changing legislation is taking effect to strengthen anti-corruption efforts, and U.S. businesses with global operations need to be prepared. The provisions of new anti-corruption legislation, Sapin II, have just come into force in France (as of May 2017). Sapin II, adopted on November 8, 2016, is modeled on the U.S. Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
Sapin II: The Key to Closing Loopholes in France
In 2005, Sapin II was first proposed and named after Michel Sapin, a French politician and France's Finance and Economic Minister. Like many countries, France has attempted to combat fraud through multiple anti-corruption laws. However, these laws had several loopholes. The main aim of Sapin II was to strengthen existing anti-corruption legislation by implementing provisions that would close existing loopholes in France's anti-corruption laws.
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