Our Compliance Practice
We support European banks in the management and optimization of their financial security frameworks (AML-CFT and KYC) in order to both address new French and European regulatory requirements and reduce the costs of these operations which have increased by 20% per year over the past 10 years.
MLA offers a range of services:
- Diagnostic of the compliance framework
- Benchmark elements on cost and efficiency KPIs compared to other banks in the market
- Proposals for framework improvements: digitalization of processes, rationalization of the organization, use of new technological lever
- The implementation of innovative solutions using artificial intelligence, data science and big data technologies to address false positive issues
- Supervision of AML-CFT, Embargo Sanctions or KYC transformation projects
- Definition and implementation of the control system and risk assessment: mapping of non-compliance risks, control plan, operational implementation
- Digitalization of compliance processes
- Regulatory monitoring and impact analysis of new regulations
Examples of recent missions: - Implementation of the campaign to control the risks of non-compliance on the perimeter of financial security
- OCBF training on KYC regulatory developments and AML-CFT processes
- Support on the optimization of KYC & LCB-FT processes
