Crédit Agricole’s Compliance business line defines and implements a policy for the prevention of compliance risks such as those of money laundering, the financing of terrorism, embargo infringement, market abuses, conflicts of interest, and the failure to advise. Consult the various components of the group’s policy here.
FINANCIAL SECURITY AT CRÉDIT AGRICOLE CIB
As part of the legal and regulatory obligations in force, and in the 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.
FIGHT AGAINST CORRUPTION
Crédit Agricole CIB conducts its activities with ethics and in compliance with applicable laws, including the fight against corruption and influence peddling.
CUSTOMER PROTECTION – THE MIFID – COMPLAINTS AND DEPOSIT GUARANTEE SCHEME
The Markets in Financial Instruments Directive (MiFID) is a European law, the provisions of which have been transposed into French legislation and regulation. They came into effect on 1 November 2007. MiFID, which was adopted on 21 April 2004, aims to create a single market for financial services with more integrated capital markets and enhanced investor protection.
FATCA-AEOI
FATCA (Foreign Account Tax Compliance Act) is a US regulation aimed at reducing tax evasion by US citizens and US residents holding financial assets outside of the United States. Crédit Agricole CIB and all financial institutions within Crédit Agricole CIB impacted by FATCA are working diligently to comply with this regulation. More information is here.