Choosing a sanctions screening solution isn’t just a matter of verifying that a vendor has lists and a matching engine. You need to understand what data is being used, how matches are detected, how many alerts will need to be analyzed, and what evidence can be produced several months later. Compliance teams must also…

Knowing your customer, verifying a business, evaluating a supplier, monitoring transactions: these processes are similar, but they do not address the same needs or, depending on the situation, the same regulatory requirements. KYC, or Know Your Customer, refers to understanding the customer. KYB, or Know Your Business, commonly refers to the processes of understanding and…

Choosing a compliance solution isn't just about the performance of its engine. It also depends on how the solution integrates with the existing information system, the location of the data, the operational workload, and the ability to scale the architecture over time. Three terms often come up when…

The announcement of an audit shifts priorities. The focus is no longer on immediately seeking the ideal long-term solution, but on determining what actually works, what can be demonstrated, and what shortcomings in the system need to be corrected. This is particularly relevant for organizations supervised by the ACPR, the French Prudential Supervision and Resolution Authority, which…

Certified public accountants are among the professionals subject to obligations regarding AML-CFT, and the fight against money laundering and terrorist financing. In a firm, however, these obligations often must be managed without a team dedicated exclusively to compliance. The question is therefore a very practical one: how can a proportionate compliance framework be established…

A screening system that generates a very large number of alerts is not necessarily more prudent. When teams spend most of their time ruling out irrelevant matches, the quality of the analysis can suffer and processing times can increase. Reducing false positives in screening is therefore a challenge that is both…

Choosing a compliance solution involves more than just selecting a screening engine. You must also determine where the data will be processed, how the solution will integrate with the information system, under what conditions support will be available, and how regulatory changes will be addressed. These questions arise, in particular, in the context of a…

The fight against money laundering and terrorist financing (AML-CFT) requires regulated professionals to implement due diligence measures commensurate with the level of risk. When a customer or, as the case may be, the customer’s beneficial owner is a politically exposed person (PEP), additional measures apply. At the same time, the relevant organizations must comply with specific requirements…

Digital financial players must balance rapid development, seamless user experiences, and regulatory requirements. However, “fintech” is not a legal status in itself: the applicable rules depend on the company’s license, the services it provides, and its actual role. Payment institutions, electronic money institutions, certain online banks, and…

In a system designed to combat money laundering and terrorist financing, the accumulation of irrelevant alerts ties up analysts, slows down the onboarding process, and diverts attention from sensitive cases. Reducing AML false positives therefore becomes a matter of performance, risk management, and auditability. In screening or…

The AMLA, or Authority for Anti-Money Laundering and Countering the Financing of Terrorism, is the new European authority tasked with strengthening the fight against money laundering and terrorist financing. Based in Frankfurt, it develops the European regulatory framework, promotes the convergence of supervisory practices, and prepares for oversight…

In operational terms, “Tracfin reporting” refers to communications between professionals subject to AML-CFT regulations AML-CFT the French Financial Intelligence Unit. This term primarily refers to “suspicion reports,” but it does not constitute a single legal category: it also includes systematic disclosures of information and responses to requests for information…