Knowledge Base

← Financial Security: AML/CFT, Anti-Corruption, and Sanctions

Questions

Which technology solution is cited as providing comprehensive coverage of all eight loi Sapin 2 pillars?

OneTrust
ArengiBox
Moody's Orbis for Compliance
Descartes Visual Compliance

What is the essential first step in implementing an anti-corruption and embargo compliance program?

Appointing the compliance officer
Developing the risk mapping
Conducting the initial assessment of the current situation
Deploying operational procedures

Typical duration for risk mapping

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Systematic screening of the third-party database against sanctions lists must be performed monthly.

True
False

Role of the dedicated committee (high-risk third parties)

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Categorize items by dragging them to the appropriate zones

Items to categorize:

Risk mapping coverage rate
Number of incidents detected
Percentage of third parties assessed
Non-compliance resolution rate
Categories:

Implementation indicators

Effectiveness indicators

Anti-corruption accounting controls are limited solely to fees and commissions.

True
False

According to the AFA, to whom should the compliance officer report directly in order to preserve their independence?

The legal department
The audit committee
Senior management
The finance department