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Regulatory & Compliance

Regulatory expectations continue to rise, managing regulatory compliance and risk have never been more complex.
In a low profitability environment, the shorter implementation cycles pose increasing challenges for banks.
Financial actors must always be up-to-date and continuously adapt to new measures to be compliant.
This compliancy often generates costs, consumes time and requires functional and technical adaptations of systems and processes.
In parallel, non-compliancy can trigger financial, reputational and penalties risks.

In details

DynaFin Consulting offers Regulatory solutions appropriate to its clients’ needs and demands. Based on a strong knowledge, proven methodologies and a seasoned experience in regulations, operations, project management and market practices. Our tailor-made and pragmatic solutions guarantee the client to be ready to comply with the regulation and to achieve its target business transformation.

Typical regulatory initiatives that can be managed E2E by DynaFin Consulting include:

  • Analysis of new regulations (e.g. 4th AMLD, MiFID, GDPR, PSD2, PRIIPs, MIFIR, FATCA, CRS, KYC, EMIR…) and impact assessment on the organization
  • AML/KYC analysis and process review/optimization
  • KYC – client acceptance and periodic review (backlog absorption)
  • Operational and risk controls definition and processing
  • AML tooling, system and parametrization fine-tuning
  • User technical training and workshops

Some Credentials

1. Steering MiFID program change

Assessment and implementation of MiFID II Client protection requirements in one of the most important retail banks. Investor protection measures cover topics such as client information gathering, client reporting suitability elements, cost transparency & inducements, product governance & target markets, reporting to regulatory authorities.

2. AML Embargo & Sanctions Filtering

DynaFin helped the compliance department in answering new regulatory changes linked to the IVth AMLD. Our intervention consisted at analyzing and implementing the changes related to the AML & Sanctions screening application to reduce the number of false hits.

3. KYC files review (periodic re-certification)

DynaFin provided the client with KYC officers to reinforce the existing team, busy with the BAU activities. The training, the Centre of Expertise and the proven track record of DynaFin consultants enabled the client to absorb the significant backlog and to respect the deadline.