What if the fight against money laundering was a race against well-organized, strategic networks? In the complex world of anti-money laundering, Politically Exposed Persons (PEPs) are attracting particular attention. Why? Their influence, their networks and their privileged access to financial flows place them at the center...

All business relationships are based on integrity and trust. This is what KYC (Know your customer) approaches are all about: verifying the identity of customers and suppliers. One source of information is the register of Beneficial Owners. When a company is set up, it is compulsory to declare the natural person(s) who...

All regulatory requirements must be complied with in a professional manner. The companies and organizations concerned cannot be satisfied with inaccuracy or, worse still, negligence. AML-CFT is no exception to the rule, especially as the financial stakes are colossal and the penalties dissuasive. However, it is easy - and unfortunately common - to make mistakes...

Money laundering and the financing of terrorism are more topical than ever. In 2023, Tracfin, the investigative service attached to the Ministry of the Economy and Finance, will have received no fewer than 190,653 reports of suspicious financial transactions, up 15% on 2022, and...

How can companies adapt to increasingly stringent KYC regulatory requirements? KYC (Know Your Customer) regulations are becoming increasingly stringent, requiring companies to make greater efforts. Traceability and explicability are now essential to demonstrate the compliance of actions, from data collection to use. Faced with this pressure...

CSR (Corporate Social Responsibility) plays a growing role in the life of organizations, integrating social, environmental and ethical concerns into their internal and external activities. While it reflects a proactive approach, CSR is also a legal obligation in which transparency has become a key requirement. The European CSRD directive, which came into force...

In April 2023, BNP Paribas neo-bank Nickel was fined one million euros for serious AML-CFT compliance failures. This scandal revealed the impact of such failures on a company's reputation and finances. A powerful warning for all companies faced with compliance requirements...

Crypto-currencies are attracting increasing interest: the global market was estimated at $1.6 billion in 2022 and will exceed $2.7 billion by 2030, according to Vantage Market Research. Crypto-currencies are at the heart of decentralized finance. DECENTRALIZED FINANCE: HOW DOES IT WORK? Based on...

In an increasingly interconnected world, the traceability of financial transactions is becoming a crucial element in the fight against money laundering and terrorist financing. But not only for national and international regulatory authorities. Businesses need to be able to detect and provide real-time information on...

The fight against money laundering and the financing of terrorism, the circulation of capital of fraudulent origin (criminal activities, tax evasion), corruption and attempted corruption for money laundering purposes, ...national and supranational regulatory authorities, and their emanations such as Tracfin, impose on financial institutions and companies more than a duty of vigilance in their procedures...