Anti Money Laundering

Anti-Money Laundering

• The transposition of the Third Directive on anti-money laundering is effective in most States with the exception of those listed by the FATF.

This transposition has brought many changes to the existing plans. IntellEval has established a comprehensive approach of this new challenge, which deepens the key points of the plan within the company:

Risk mapping and development of the risk-based approach 

• Define risk profiles while considering criteria related to "geography", activities, products and services, operations and transactions and finally clients,
• Implement the risk-based approach,
• Define global monitoring indicators of the risk management intended for the Board of Directors and the Executive Committee ...

Sizing and organization of the anti-money laundering department

Procedures update

• Adapt vigilance to risk profiles,
• Differentiate related entry and monitoring procedures of the business relationship as per the risk profiles,
• Verification of the operational application of the group plan in all subsidiaries, while taking into account, where appropriate, the specificities of the local regulations ...

 Know Your Customer « KYC »

• Check the availability of adequate data to determine the level of risk,
• Review the methods and tools for data collection by the customer relations officers,
• Structure data to make them available for the various tools,
• Ensure the updating of data and their centralization in a single point.

Tools / Software

• Formalize functional expressions of need prior to the selection of software,
• Analyze and compare the software available on the market,
• Complete project management for the implementation of a new software,
• Diagnose the correct and full use of the existing software in the company (criteria, control rules, alerts calibration, freshness of the used external databases...)
• Analyze the documents storage methods (archiving).

Permanent controls and periodic controls

• Develop or update the plans and procedures of permanent control,
• Diagnose the permanent control methodology,
• Enrich and better target the existing permanent controls,
• Conduct a periodic punctual control
• Improve the periodic control program

Staff's awareness raising and training

• Assess the knowledge of the staff,
• Create or update the content of the training sessions,
• Use an eLearning tool to deploy training among staff.

IntellEval teams are at your disposal to accompany you on all the issues discussed or to take actions targeted on some of these issues.  

You can also obtain additional information on the following subjects:

• Assessment of the staff's knowledge  
• eLearning  Kit
• Class-room training
• Operational consulting