Tasks and existing structures**
The following responsibilities apply Group-wide:
- to define, in accordance with regulator requests and legal or regulatory requirements, all applicable compliance and anti-money laundering policies, principles and procedures and oversee their implementation;
- to assume the global supervision of embargoes and sanctions ;
- to ensure that sector regulations are respected;
- to prevent and manage any potential conflicts of interest with customers;
- to propose compliance rules to be respected by all Group staff;
- to inform, train and advise operating staff on compliance issues;
- to coordinate relations between Group entities and French and foreign regulators.
IT tools for compliance teams
Various IT tools have been developed to monitor Group compliance:- tools used to filter customer files and international transactions in order to detect those persons with a suspected involvement in money laundering or the financing of terrorist activities;
- tools used to manage and prevent conflicts of interest;
- behavioural analysis tools to make it easier to detect suspicious transactions in the bank’s retail and private banking activities;
- an alert management and cheque control tool;
- a tool for managing lists of insiders;
- a tool for detecting market abuse (price manipulation and insider trading).*
* Verified by Ernst & Young (see Statutory Auditors' Report ) ** As per our commitment under the Global Compact