Compliance LBA-AML (Description)


The  module CONCEPT Compliance LBA-AML is a working tool intended to allow you to collect all the information in order to meet all the new compliance requirements (anti-money laundering), including the requirements relating to tax compliance. as well as the monitoring of risky operations.

It is also an efficient and rapid control tool for the Compliance Officer and the internal controller trough its its diagnostic and risk assessment modules. In particular, it makes it possible to check the adequacy with legal requirements, facilitating the rapid assessment of the proper recording of customer records. It highlights missing data / documents and those periodically expiring.

The integrated audit trail makes it possible to trace all entries and modifications.

Finally, it is a decision support tool for management bodies (Management Committee & Board of Directors).


A CRM (Client Relationship Management)

It is, in fact, a CRM Module (Client Relationship Management) for managing :

 1)    PROSPECTS facilitating controls prior to the client/co-contractor acceptance.

 2)   CLIENTS / CO-CONTRACTORS, allowing, on the basis of compliance documentation, collection, capture, then archiving of all information.


It can be used independently or integrated with CONCEPT products :

         Interfacing with other Asset Management software is possible insofar as the change of the existing system is not desired.


Apart from the modules included in the base product, it is possible to add, at any time, optional modules such as those described on page 1, and in particular :

  • Compliance diagnostic (detection of anomalies such as missing data, control of maturity dates etc.)
  • Risk estimation  (LBA/AML) :
    • Country risk
    • Determination of increased risks
  • Identification of complex structures (organisation chart)
  • Audit trail
  • Identification criteria of FATCA US & other legislation (CRS)
  • Etc.


CONCEPT Compliance LBA-AML also allows quantifying various risks, more specifically: :

1)   COUNTRY risk :

    This module allows determining risk assessment of each country on the basis of evaluation criteria specific to each company, such as:
      • List of exclusions FATF, SECO etc.
      • List of member countries of the OECD / FATF
      • List of countries EAR (TIEAs) having signed agreements on the exchange of information in tax matters and their probable date of entry into force
      • List of countries Corruption Perception Index  (CPI index)
      • Etc.

Based on this information, management can thus propose a risk rating countries for ratification by the Board of Directors.

It is then possible to create a

      • Internal list of authorized and prohibited countries


2)   The determination of increased risk on the basis of criteria, such as :

      • Country rating (LBA/AML) (used in the context of nationalities, domiciles, headquarters … see above)
      • Involvement of PEP or people close to a PEP
      • Involvement of domicile companies
      • Transactions Compliance , involving a manual or automatic input (via the module CONCEPT Processus +depending of the volume to process providing significant productivity gain)
      • Detection of complex structures (with automatic generation of a hierarchical and functional organization chart)
      • Etc.


As all our software, CONCEPT Compliance LBA-AMLis the expression of a computerized work processes, increasing the productivity and facilitating a rapid access to data as well as documents (can be interfaced with electronic document management software of your choice (DMS)).

The information input process regarding prospects and then clients / co-contractors is based on the different forms, required by the supervisory authorities and / or self-regulatory organizations, such as:

1)      Form for a new business relationship
2)      Contract of mandate
3)      Forms describing the business relationship:

      • Identification of the person who initiates the business relationship (Introducer)
      • Identification of the client / co-contractor
      • Identification of the beneficial owners:
      • For a legal persons (entities) without any beneficial owners identified:
        • Identification of the controlling holder (Shareholder(s) holding more than 25 % of the share capital  or member of the management organs )
        • Identification of managements organs / board of directors
      • For a trust:
        • Identification of the Trustee
        • Identification of the Settlor, Protector, etc.
        • Identification of the  beneficiaries (if defined)

4)      Form describing the circumstances of the establishment of the business relationship

5)      Form describing the economic background:

      • Bank relationships
      • Origin of funds
      • Initial amount of assets
      • Expected evolution of assets
      • Identification of power of attorney

6)      Identification of stakeholders related to the client / co-contractor (Proxies, Trustee, Advisors etc.)

7)      Historic of the business relationship, other developments of the relationship

8)      Journal of transactions (Transactions compliance)

9)      Etc.