Here's a helpful _PDF on finanacial crime in France (would that be the jurisdiction, given international donations over the internet?):
.
Me and my international law degree
say this is swindling. Five years' imprisonment and a €375K fine.
View attachment 3214471 q
Has this legislation been passed and going into effect in France? Pertinent portions of article linked below.
Here is the French language version of proposed legislation.Draft law to combat scams and abuses of influencers on social networks, No. 790, tabled on Tuesday, January 31, 2023.
Here is link to information report filed in March, 2024
www.assemblee-nationale.fr
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A person may face up to two years in prison and a fine of €300,000 if they fail to follow the proposed new rules, which seek to crack down on social media fraud and scams”
France is finalizing a law that seeks to regulate the commercial activities of influencers and protect consumers from
possible fraud or scams. The regulation, which has already been approved by the National Assembly and the Senate, prohibits promoting cosmetic surgery and subscriptions to sports betting applications. It also forces influencers to state whether they have been paid to promote a product, if images have been retouched or if a person’s figure or face have been created with the help of artificial intelligence. If a person breaks the rules, they may face up to two years in prison, a €300,000 ($320,000) fine and be banned from carrying out commercial activities on social media.
The legislation — which has been prepared by lawmakers from both the government and opposition parties — seeks to place safeguards on the
fast-growing sector. Influencers reach millions of followers, who are encouraged to consume a range of content, from beauty and travel tips to recommendations to invest in stock and cryptocurrencies. The supporters of the bill warn that this new digital marketing — based on a “falsely intimate” relationships with consumers — has led to abusive advertising practices.
Filter warnings and ban on wild animals
The proposed law builds on current French legislation that strictly regulates the advertising of products such as tobacco or alcohol. While the current law requires transparency in advertising, the new bill would require influencers to include a banner indicating that a post has been sponsored.
Influencers will also have to indicate whether filters have been used. An amendment, added in the Senate, also requires social media users to state whether a figure or face have been created with AI. Vojetta hopes these rules will prevent young people from “being dominated by
unrealistic body representations.”
15 agents to control infractions
The proposed law also puts
more responsibility on platforms, which must have tools to report illegal content and act if necessary, by taking measures such as closing accounts and moderating content.
Starting in September, a department of the Ministry of Economy will also be in charge of monitoring social networks and responding to complaints. Initially, the team will be made up of 15 agents. Economy Minister Bruno Le Maire announced on May 3 that the department had already stepped up its controls. Some 60% of the 50 influencers reviewed in the first quarter of 2023 had committed violations, he said.
Now all that remains is to define the final text of the bill, which has already been voted on by the National Assembly and the Senate. Lawmakers hope that it will be enacted before the summer and that it will protect both consumers, mostly young people, and influencers. Authorities estimate that there are around 150,000 influencers in France, but only a minority use abusive practices or carry out scams.
A person may face up to two years in prison and a fine of €300,000 if they fail to follow the proposed new rules, which seek to crack down on social media fraud and scams
english.elpais.com