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On the sly, Bercy ends banking secrecy on safes

2020-05-11T20:54:17.320Z


A decision taken discreetly which does not fail to surprise at first sight.


People who hold money in bank safes will no longer be unknown to the tax authorities. In a decree published on May 6 in the Official Journal , in full containment, the Ministry of the Economy decided to lift bank secrecy on the identity of people with safes from September.

Read also: Coronavirus: should you be wary of banknotes?

" It is an additional tool to fight against money laundering and tax fraud ", explains Thierry Viu, lawyer at CMS Francis Lefebvre Avocats. A decision taken discreetly which does not fail to surprise at first sight. And for good reason! Bercy suspended tax audits during the entire period of health emergency…

The tax authorities and other services that can consult this file (customs, police, bailiffs, etc.) will not, however, have access to the content of the safes.

But now, France had to implement this measure provided for in the European directive on the fight against money laundering and the financing of terrorism. This is all the more so since the European Commission presented a new plan on May 6 to strengthen the rules in force. With this measure, the holders of safes will now be listed on the file of bank accounts "Ficoba" and banks have until December 31, 2024 to communicate the names.

The tax authorities and other services that can consult this file (customs, police, bailiffs, etc.) will not, however, have access to the content of the safes. In other words, they will not be able to know the amount of money held. But " the judicial authorities may require the opening of a safe during an investigation, " said Thierry Viu.

»Discover our practical works to better manage your investments and your money here .

Source: lefigaro

All news articles on 2020-05-11

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