As part of the legal and regulatory obligations in force, and in application of Crédit Agricole S.A. Group policy, Crédit Agricole CIB has put into place a system dedicated to the prevention of money laundering, the financing of terrorism and corruption, and compliance with embargos and asset freezes. This system applies to both the central entity and affiliated units.

As a financial institution and investment services provider, Crédit Agricole CIB is subject to supervision and control by the Prudential Control Authority (ACP) and the Financial Markets Authority (AMF), the French financial and banking sector regulatory authorities.

The system in place includes, on the one hand, the obligations arising from international rules and recommendations and, on the other, obligations arising under national law.

Commitments to the Financial Security business line

• Know Your Customer (KYC),
• monitoring of payment flows in application of the rules covering embargos (e.g. Fircosoft), asset freezes and the identification of principals ordering fund transfers (SR VII),
• reporting of suspicious operations and transactions to the Financial Intelligence Unit,
• the training of all employees concerned. Crédit Agricole CIB is an active participant in the preparation of AML-FT Market e-Learning programs under the direction of the Training Center for the Banking Profession (CFPB) and with the assistance of the French Banking Federation (FBF),
• verification of compliance with the measures and procedures put in place to meet the abovementioned obligations,
• documentation, archiving and storing of files, and creation of audit trails.