1.  Please give details of any existing national legislation in your country that is specifically relevant regarding the obligations and limitations for LVMH shop assistants dealing with cash payments?
  2. Are there any changes or developments expected in the near future?
  3. Is there a maximum amount of cash a customer may use to purchase items in a store in your country? If yes, what is the amount?
  4.  Are there any limitations in your country with regard to the acceptance of denominations of [euro] banknotes?
  5.  Are there any rules in your country on partial and/or related cash payments and is it clear what can or will be seen as a partial and/or related payment?
  6.  Is there a duty to report to an authority if a customer would like to pay in cash above the maximum amount and/or with a denomination of a banknote which is forbidden?
  7.  What are the competent authorities which oversee the enforcement of the relevant legislation?
  8.  If there is a duty to report, what is the competent authority to report to and what are the relevant responsibilities of LVMH in that respect?
  9.  What sanctions do the authorities have at their disposal to make sure that companies comply with the rules?
  10.  Are there any other relevant developments or issues regarding this matter, of which LVMH should be aware (e.g. privacy issues)?

jurisdiction

France
Add jurisdiction

1. Please give details of any existing national legislation in your country that is specifically relevant regarding the obligations and limitations for LVMH shop assistants dealing with cash payments?

Art L 112-6 and seq. of the Monetary and Financial Code regulate cash payments.

2. Are there any changes or developments expected in the near future?

No specific changes are expected in the near future.

3. Is there a maximum amount of cash a customer may use to purchase items in a store in your country? If yes, what is the amount?

The maximum amount of cash a customer may use to purchase items in a store in France is EUR 1000 when the customer is a French resident and EUR 15,000 when the customer is a tax resident of a foreign country.

4. Are there any limitations in your country with regard to the acceptance of denominations of [euro] banknotes?

There is no limitation in France in regard to the acceptance of euro banknotes.

There are no clear rules in France on partial and/or related cash payments, but the intent of the text is that partial and/or related cash payments exceeding the maximum amounts specified above are forbidden.

6. Is there a duty to report to an authority if a customer would like to pay in cash above the maximum amount and/or with a denomination of a banknote which is forbidden?

There is no obligation to report on customers trying to pay above the maximum amount in cash.

7. What are the competent authorities which oversee the enforcement of the relevant legislation?

The tax authorities are in charge of the enforcement of the relevant legislation.

8. If there is a duty to report, what is the competent authority to report to and what are the relevant responsibilities of LVMH in that respect?

N/A

9. What sanctions do the authorities have at their disposal to make sure that companies comply with the rules?

Pursuant to Art L. 112-7 of the Monetary and Financial Code, a customer infringing the above cash payment limitations may be ordered to pay a fine, whose amount depends on the seriousness of the infringement up to 5% of the sums paid in violation of the prohibition. The customer and the merchant are solely liable for the payment of this fine.

10. Are there any other relevant developments or issues regarding this matter, of which LVMH should be aware (e.g. privacy issues)?

N/A