Compliance Requirements: Dual International Certification for BGFI Holding Corporation

2023-06-18 11:29:38

DIG/ BGFI Holding Corporation (BHC) has just won AML 30000 and MSI 20000 certification for its compliance requirements.

These two certifications give BHC, the status of a model banking group in the fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction, and that of financial governance, the model of which is exemplary.

For the CEO of the BGFIBank Group, in a global economic context marked by multifaceted crises and where banks are increasingly vulnerable to these factors, these two certifications testify to the “the Group’s resilience in the face of uncertainties”. But much more, they reinforce the exploit of the business project of BGFIBank baptized “Dynamics 2025”.

“Due to its size, the diversity of its businesses and the strong expansion of its international presence, the BGFIBank Group is exposed to several major risks.

Including credit risk, operational risk, market risk, new ESG risks, risk related to money laundering and terrorist financing (LAB/FT) », said Henri-Claude Oyima.

Hence the need, according to him, measures taken by the group to set up strong prevention and detection systems risks related to money laundering, terrorist financing, non-compliance with embargoes and financial sanctions in accordance with changes in the international regulations in force.

For Christian Levesque, president of ISO delegations and Vice-president international group for sustainable Finance (IGSF) and Souheil Skander, managing director of Cabinet CFC Partners, the implementation of strict management methods testify to the “rigour and financial transparency” shown by the leaders of the BGFIbank group and places it as a model, both with institutions and with its partners, shareholders, customers, suppliers and others.

“These international standards for the fight against money laundering, the fight against the financing of terrorism (LAB/FT), and good financial governance allow the BGFIBank Group to place its operational efficiency management system in a virtuous circle. continuous improvement »underlined Henri-Claude Oyima.

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