Compliance

Protection of clients' interests: compliance with MIFID2

• Context: This private bank wanted to be supported to meet the regulatory requirements of MIFID 2.
• Our mission: After analyzing the regulations in relation to the bank's context, we assisted them in setting up transaction reporting, product governance, the launch of an advisory management offer on structured products, the development of transitional processes and target processes and finally the definition of target normative controls.
• Our added value: Our ability to intervene on all the components of the regulation by relying on both our expertise in the private banking business and our mastery of the management of regulatory projects.

Financial security: review of the AML-FT system

• Context: This major European banking group wanted to overhaul its AML/CFT (Anti-Money Laundering and Anti-Terrorist Financing) alert processing system while defining new alert management standards.
• Our mission: Review of the AML/CFT alert processing system according to new standards in the alert management procedures, in the risk classification and in the training procedures. Creation of a catalog of detection solutions to be declined in scenarios and rationalization of tools in the detection, processing and follow-up of AML/CFT alerts.
• Our added value : A sharp expertise in terms of financial security coupled with a fine knowledge of the market tools.

Tax compliance and extraterritoriality

• Context: Implementation of FATCA, QI, 871m and CRS tax regulations for this banking group.
• Our mission: Analysis of the regulations with the group's legal departments and identification of the impacts on the business lines and information systems. Management of the implementation at the level of the group's compliance department and then of its implementation within the various business lines.
• Our added value: Our ability to manage the operational implementation project after having analyzed the texts with the legal department and the impacts with the business lines.

Anti-bribery: French "Sapin 2"

• Context: This banking group wished to be assisted in the deployment of the anti-corruption system (Sapin 2 law).
• Our mission: Development of the corruption risk map, construction and implementation of the methodology for evaluating third parties, upgrading of accounting controls specific to anti-corruption, and review of procedures (gifts, benefits, HR, strengthened KYC controls...).
• Our added value: The ability to deal with the entire issue both in terms of regulatory analysis and its operational implementation.