KYC and Anti-Money Laundering Plan for Neflize Vie

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[...] Know Your Customer (KYC) and Anti-Money Laundering - Detailed Plan KYC and Anti-Money Laundering Introduction History and Missions of Neflize Vie Internal Diagnosis (SWOT Analysis) Role of the AB3C Team Problem: Within the framework of KYC reviews of life insurance clients of a company, how to optimize the management of the delegated part to Neuflize Vie partners? 1. Arguments in favor of delegating the client review part to brokers 1.1 LAB-FT obligations for brokers The January decree introduces the following provisions (ACPR, 2021): 1.11 Need for a good understanding of risks to adapt vigilance and focus on the most risky profiles 1.12 Requirements for an adapted organization for brokers in LAB-FT 1.13 Adapted vigilance in terms of KYC to the risk of money laundering and financing of terrorism 1.2 A client knowledge insufficient from the brokers' side According to the study conducted by the ACPR (2015), the client knowledge from the brokers' side is insufficient on the following three aspects: 1.21 Incomplete data The KYC data is incomplete regarding the profession, income, and wealth of clients 1.22 Numerous shortcomings in client identification 1.23 Client information to be improved 1.3 Analysis of internal audit on information provided by brokers to Neflize Vie 2. [...]

[...] the study by Cercle Lab (2024) Conclusion Mention the future takeover of Neuflize Vie by BNP Paribas Cardif Bibliography ACPR (2021), "The LCB-FT for insurance brokers: new features and points to note", ACPR Review, April 2021. ACPR (2015), "Anti-money laundering in insurance", " ACPR Conference, November 20, 2015. Cercle Lab (2024), "Generative AI in Insurance", Notebook 30, January 2024." Neuflize Vie (2024), "Solvency and Financial Situation Report", March 27, 2024. [...]