Resources
Compliance and anti-money-laundering
A compliance arrangement rests on four pillars: knowing your customer, detecting atypical transactions, reporting what must be reported, and controlling your own arrangement. Each is documented and audited.
Four pillars, one arrangement
Customer due diligence establishes who is on the other side: identity, activity, source of funds, beneficial owner behind a structure. Diligence adjusts to risk, enhanced where the situation calls for it. Detection rests on written alert scenarios, calibrated to the institution's real activity. Reporting transmits to the competent authority what the analysis has established. Second-line control finally verifies that the arrangement works, and produces the expected reporting.
- Documented identification, retained and kept current
- Identification of the beneficial owner behind every structure
- Diligence proportionate to risk, enhanced when it rises
- Written alert scenarios, calibrated to real activity
- Second-line control and periodic reporting
The compliance certificate, block by block
Four blocks for a professional in post in a financial institution: the framework, diligence, detection and the internal arrangement. Total volume is in the catalogue.
| Teaching block | Year | Hours | Credits |
|---|---|---|---|
| Regulatory framework and actors | 1 | 40 h | 4 |
| Know your customer and due diligence | 1 | 50 h | 5 |
| Detection and suspicious activity reporting | 1 | 50 h | 5 |
| Internal framework and control | 1 | 40 h | 4 |
The compliance career titles
Three levels of responsibility on the same function: operational control, running the arrangement, expertise. The published hour counts place each step.
| Professional title | Level | Duration | Credits | Hours |
|---|---|---|---|---|
| Compliance and Control Officer | Level 5 | 10 months | 70 | 700 h |
| Compliance and Anti-Money-Laundering Expert | Level 7 | 9 months | 70 | 700 h |
| Compliance Manager | Level 6 | 10 months | 75 | 750 h |
Questions from compliance officers
How do I calibrate alert scenarios?
On the institution's real activity: generic typologies produce an alert volume the team cannot process, which weakens the entire arrangement. The detection block works that calibration on case sets.
Who writes a suspicious transaction report?
The compliance function, from the documented analysis of the file. The dedicated block works on the drafting itself: a usable report sets out the facts, the timeline and the reasoning, in a format the authority can process.
How is the function organised in a small institution?
By naming an identified officer, writing the procedures and assigning second-line control to someone other than the person executing. That separation is what the internal arrangement block builds, at the institution's real scale.
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