Knowledge Base

What is the starting point of the risk-based approach for evaluating the effectiveness of ethical policies?

The establishment of compliance committees

Non-compliance risk mapping

Periodic internal audit

Staff training

What is a best practice identified by the AMF's SPOT reviews?

Complete absence of written procedures

Dedicated committee structure (regular compliance committee)

RCCI reporting to an operational department

Lack of traceability of controls performed

What elements must the strategic-level compliance dashboard present?

Summary of major risks

Evolution of key indicators

Significant incidents

Benchmark of sanctions imposed in the sector

What elements must the non-compliance risk mapping include?

Identification of applicable regulatory obligations

Assessment of risk exposure (probability x impact)

Evaluation of the effectiveness of existing control mechanisms

Determination of residual risk and prioritisation of actions

The permanent control plan must be updated only when there are significant changes in activity or regulation.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Targeted thematic controls on high-risk areas

Sample-based controls on routine processes

Exhaustive controls on critical processes (KYC)

Internal audit missions planned on a multi-year cycle

Categories:

Permanent control

Periodic control

Control plan execution rate (target)

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AMF decision SAN-2025-10 sanctioned an organisation for a non-existent or inadequate AML/CFT risk mapping.

True

False