#Ethics and compliance:
The European Parliament votes to postpone the application of the CSRD by two years for certain companies
On 3 April 2025, members of the European Parliament voted in a plenary session to postpone by two years the application of the CSRD regarding the obligation to publish sustainability information for large unlisted companies with no more than 500 employees and listed SMEs. On the same date, the French Parliament adopted the draft law on various provisions for the adaptation of economic, financial, environmental, energy, transport, health, and free movement regulations to European Union law (“DDADUE 5”), which also includes a section on the postponement of sustainability reporting requirements. > Read article
Lobbies: The Senate to ban gifts over 150 euros in its rules
The Senate plans to include in its internal rules a prohibition for senators accepting gifts, donations, invitations, or benefits in kind worth more than 150 euros from interest representatives. Work-related trips offered by interest representatives are not covered by this prohibition. Senators will also be required to declare any gifts that exceed this value. These measures aims to strengthen transparency, notably by enhancing oversight of senators and providing greater clarity on these matters. > Read article
#White collar crime:
Anticor Files Complaint Against Éric Ciotti for “Receiving Embezzled Public Funds”
On 9 April 2025, the Public Prosecutor of Nice confirmed that the association Anticor had filed a complaint in January against Éric Ciotti for “receiving embezzled public funds”. This complaint follows a previous report made by the association in 2019 concerning the same facts, which had led to a preliminary investigation. Anticor suspects Éric Ciotti of having retained benefits linked to his former role as president of the departmental council after his resignation in 2017 due to holding multiple mandates. The association refers to the use of an official vehicle and staff members paid by the departmental council. > Read article
End of the Sarkozy-Gaddafi trial: the former French president will be sentenced on September 25
On 8 April 2025, the final day of hearings was held in the trial related to the suspicions of Lybian financing of Nicolas Sarkozy’s 2007 presidential campaign. The former president’s lawyers pleaded for acquittal, rejecting the allegations of illicit financing and describing the alleged corruption pact with Muammar Gaddafi, as presented by the public prosecutor, as a “crazy idea”. Nicolas Sarkozy stated that he did not wish to “respond to a political and violent indictment” from the National Financial Prosecutor’s Office (“PNF”). The Paris Correctional Court will hand down its judgment on 25 September 2025. > Read article
#Banking, financial and financial markets enforcement:
Revolut accepts a 3.5 million euro fine
On 8 April 2025, Revolut Bank has been fined 3.5 million euros by the Central Bank of Lithuania for violating anti-money laundering regulations. An inspection carried out at Revolut revealed significant failings in the implementation of internal controls, particularly regarding the monitoring of business relationships and customer transactions. The Lithuanian Central Bank agreed to conclude an administrative settlement with the bank’s parent company following the bank’s acknowledgement of the facts and the implementation of a compliance program to rectify the deficiencies. > Read article
