EU anti-money-laundering legislation sets a ceiling of €15,000 on cash payments from non-residents.
Me. Gros who admittted to being imprudent but not deliberately dishonest, said he had been poorly advised by his bank.
Gros suspended over cash payment
Henri Gros, partner in the Paris auctioneers Gros & Delettrez, has been suspended for two months for accepting €200,000 in small denomination notes from a Chinese buyer after the Paul-Louis Weiller sale in April 2011.
