Mission and Tools

The main tasks of the Compliance Department are to

  • define, in accordance with regulator requests and legal or regulatory requirements, the policies, principles and procedures governing compliance, the prevention of money laundering and terrorism financing, and to ensure that they are implemented,
  • ensure that professional and financial market regulations are respected,
  • prevent and manage any potential conflicts of interest with respect to customers,
  • propose the ethical rules to be respected by Group staff,
  • train and advise staff and raise their awareness of compliance issues,
  • ensure that the role of RCO is performed under adequate conditions, by setting out the RCO’s prerogatives, ensuring that they have the necessary resources, tools and normative framework and monitoring their correct implementation,
  • develop and implement tools to supervise and coordinate the function: dashboards, forum for sharing best practices, etc.,
  • coordinate relations on compliance issues between Group entities and French and foreign regulators,
  • generally monitor issues likely to be harmful to the Group’s reputation.

Tools

Various IT applications have been developed with the aim, wherever possible, of ensuring compliance with current regulations (e.g. the fight against terrorism and anti-money laundering) and the detection of abuses or situations requiring special attention. Examples of such applications include:
  • tools used to filter customer files and international transactions in order to detect people, countries or activities subject to sanctions or embargos,
  • tools designed to manage and prevent conflicts of interest,
  • behavioural analysis tools to facilitate the detection of suspicious transactions in the bank’s Retail and Private Banking activities,
  • an alert management and cheque supervision tool,
  • a tool for managing lists of persons holding inside information,
  • a tool to help detect market abuses (price manipulation and insider trading),
  • a tool to map and assess compliance risk and monitor action plans,
  • a cross-business tool to ensure compliance with the Group’s legal obligation to declare when share ownership thresholds have been exceeded.