The third introduction (cf. Art. L561-7 CMF) and outsourcing (see art. R561-38-2 CMF) in the context of the fight against money laundering and terrorist financing (LCB-FT) are key strategies to strengthen the compliance mechanisms of financial institutions. Third-party introduction consists in using regulated intermediaries to introduce customers to financial institutions, while complying with due diligence and know your customer (KYC) obligations. This approach can improve the efficiency and accuracy of controls by taking advantage of the specialized expertise of third parties.

Register

Scope of intervention of the third party

• Only customer due diligence obligations before entering into a relationship

Outsourcing, on the other hand, involves delegating certain compliance functions, such as transaction controls, monitoring suspicious transactions, and risk management, to external service providers. This practice allows institutions to benefit from advanced skills, cutting-edge technologies and constant regulatory monitoring, while reducing operational costs and focusing on their core business.

Scope of intervention of the service provider:

• Only for the duration of the business relationship

Speakers: Daniel RENASSIA — Emmanuel COHEN

Organic:

Emmanuel COHEN and Daniel RENASSIA are the Co-founders of the firm Maison de la Compliance.

Emmanuel started his career at Sellam, then worked at PricewaterhouseCoopers and Ernst & Young until reaching the rank of Senior Manager, specializing in the audit of funds and management companies. He has extensive expertise in mutual fund accounting and regulation, private equity, real estate and securitization

Daniel started his career as a family officer before joining PricewaterhouseCoopers, where he specialized in auditing investment funds. After six years, he joined a small-scale firm, a pioneer in RCCI's delegation, acquiring expertise in compliance, internal control and asset risk management

The Webinar will be presented by Antoine Rizk, CEO of Flaminem.

Register