AML-CFT compliance blog
Geopolitical crises, stringent international sanctions, high-risk cross-border trade flows... the business world is becoming more complex by the day. For companies, this uncertain environment could be a brake on investment.
International sanctions can target a country, an economic sector or an individual, imposing strict obligations that companies are obliged to respect. This necessarily involves financial, legal, geopolitical and reputational risks.
Speaking to BFM Business, Aurélien Zachayus, President of AP Solutions IO, reminded us that any person or company is criminally liable if they fail to comply with these regulations. A good...
The pressure is widespread: from banking to accountancy, from insurance to gaming, the authorities expect systems that really work. This starts with a simple observation: when an alert is raised, the analysis must be immediate, the decision documented, and there must be total transparency for both the internal auditor and the supervisor.
As the article underlines
The paper highlights two realities in the field. Firstly, AML-CFT is everyone's business: sales, back office, compliance, legal... everyone needs to know the right moves. Secondly, competence is built and proven: certifications (AMF in France, specific requirements in Monaco),...
Contents DORA: the new deal in cybersecurity for financial institutions DORA: a very wide range of risks to master Regulatory compliance: the ongoing headache for companies in the financial sector How can digital resilience be guaranteed?
Coming into force in January 2023, the European DORA (Digital Operational Resilience Act) directive redefines the rules of the game for cybersecurity and risk management in finance. It establishes a common EU-wide framework to strengthen the digital operational resilience of industry players. Banks, asset management companies, market infrastructures, investment firms, crypto-asset service providers and financing platforms...
Contents PONCTUAL CONTROLS: STILL WEAK POINTS KYC CONTINUOUS: TOWARDS THE END OF "CHECK AND FORGET" WHEN TECHNOLOGY REDEFINES TRANSACTIONAL MONITORING KYC CONTINUOUS: THE FUTURE STANDARD FOR FINANCIAL COMPLIANCE
KYC, for Know Your Customer, has become an essential pillar in the fight against money laundering and the financing of terrorism. Increasingly widespread, this approach makes it possible to strengthen security, meet compliance requirements and, above all, get to know customers better in order to anticipate risks.
The problem is that, in operational terms, KYC is all too often confined to a...