Frédérique Bannes-Philip reports on the need to familiarize lawyers with control tools and procedures, in order to deal with the strengthening of European regulations in the fight against financial crime.

Frédérique Bannes-Philip est lawyer at the Paris Bar, specialized in insurance law and regulatory compliance and president of the Insurance Law Commission of the International Union of lawyers (UIA). Lawyers are subject to European provisions concerning the control of customers and financial transactions within the framework of the LCB-FT. For her, these devices aim to secure financial flows, to fight against the evasion of embargoes and international sanctions, to fight against fraud as well as money laundering and the financing of terrorism. According to him Frédérique Bannes-Philip , lawyers are subject to European regulations, and must take four actions such as “mapping the risks associated with professional activity on the basis of a tool made available by the Paris Bar and the National Bar Council, draft a short procedure on the mode of operation of the firm and its risk analysis, carry out a client identification check at the time of entering into a relationship and throughout the relationship with this client. in the event of a questionable or abnormally complex transaction at the beginning or during the relationship with the client, if the lawyer n& Unable to remove these doubts or explain this complexity, it is up to him to make a declaration of suspicion through the President of the Bar to the Tracfin intelligence unit in Bercy, which is responsible for fighting illegal financial circuits, money laundering and the financing of terrorism