Capgemini-双重威胁双重防御-为什么ESG是银行有效合规的关键 Dual threat dual defense Why ESG is the key to effective bank compliance_第1页
Capgemini-双重威胁双重防御-为什么ESG是银行有效合规的关键 Dual threat dual defense Why ESG is the key to effective bank compliance_第2页
Capgemini-双重威胁双重防御-为什么ESG是银行有效合规的关键 Dual threat dual defense Why ESG is the key to effective bank compliance_第3页
Capgemini-双重威胁双重防御-为什么ESG是银行有效合规的关键 Dual threat dual defense Why ESG is the key to effective bank compliance_第4页
Capgemini-双重威胁双重防御-为什么ESG是银行有效合规的关键 Dual threat dual defense Why ESG is the key to effective bank compliance_第5页
已阅读5页,还剩15页未读 继续免费阅读

下载本文档

版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领

文档简介

Dualthreatdualdefense

WhyESGisthekeytoeffectivebankcompliance

Asynergisticapproachtosafersustainablebanking

Today,manyfinancialinstitutionstrack

environmental,social,andgovernance(ESG)factorstobetterunderstandtheorganizationstheydo

businesswith.Theydosoforavarietyofreasons—toreduceriskfromissuessuchasclimatechangeandscandal;togaugethepotentialfinancial

performanceofclientorsuppliercompanies;to

guidecustomerslookingforsustainablefinanceorresponsibleinvestments;tomanagetheirowncarbonfootprint;andtocomplywithincreasing

ESG-relatedregulatoryrequirements.Atthesametime,institutionsputagreatdealofeffortinto

financialcrimecompliance(FCC),andmeetingthestandardsandregulationsestablishedbytheU.STreasuryDepartment’sFinancialCrimeEnforcementNetwork(FinCEN)andother

governmentalbodies.TheseFCCoperationsaimtoreducemoneylaunderingandprotectthefinancialsystemfromtheflowofillicitfunds.

There’saconsensusthatESG

considerationsshouldbeincorporatedintotheclientprospectevaluation

stage.Thisensuresthatreputationalriskisaddressedupfront,priorto

onboardingandKYCprocesses.

BusinessExecutive,majorUKbank

BothESGandFCCscreeningareimportantforall

financialinstitutions.Thesetwocriticalactivities

havetraditionallyoperatedasseparatedomains,

eachinitsownsilopursuingitsownmission.But

thereisanuntappedpotentialtoleverageESG

considerationsinFCC,usingtechnologytocombinethestrengthsofbothdomains.Bydoingso,

institutionscansignificantlyenhancetheireffortstoproactivelyuncoverandcombatillicitactivitiesandreducetheirownriskofbeingassociatedwithcrimeandrunningafoulofregulators.

2Dualthreat,dualdefense

ThelinkbetweenESGandFCC

IntheirFCCoperations,financialinstitutions

focusonKnowYourCustomer(KYC)effortsthataimtounderstandthecustomer’sbusinessand

anyassociatedcriminalrisks.KYClookslargely

atfinancialtransactions,moneyflows,and

periodicnegativescreeningstoidentifypotentialproblems.Ontheotherhand,ESGscreeninglooksatarangeofnewsreportsandpubliclyavailableinformationtodevelopinsightsintoacorporationoritsassociatedparties’commitmenttoethical

behaviorandresponsiblepractices.

Althoughtheyfocusondifferentdomains,theseareasarecloselyrelatedsincebadESGbehavior

caninvolvepredicatecrimesthatleadtomoney

launderingchargesfortheresponsibleparties.Forexample,companiesusingillegalminingorloggingpracticesthatleadtoenvironmentalharmwill

wanttohidethemoneyearnedintheiroperations.Sotoowillthoseinvolvedinunethicalsocial

behaviors,suchashumantraffickingortheuseofchildlabor.Inaddition,companieswithweakgovernancestructuresaremoresusceptibleto

briberyandcorruption,whichareassociatedwithembezzlementandfraud.

ESGrisksareoftennotfactoredinto

theriskratingduringonboardingand

KYCprocesses.However,somebanks

incorporateESGchecksthroughadversemediasearchesduringacustomer

refresh.PolicyupdatesmaybenecessarytoformalizetheinclusionofESG

considerationsinriskassessments.

ComplianceExecutive,globalbank

3Dualthreat,dualdefense

TheimpactofESG-relatedfinancialcrimesis

profound.Indeed,environmentalcrimeandhuman

traffickingaretheworld’sthirdandfourthmost-

profitablecriminalactivities,behinddrugtraffickingandthesaleofcounterfeitgoods.TheFinancial

ActionTaskForceestimatesthatenvironmental

crimealone—includingforestry-relatedcrime,illegalmining,andwastetrafficking—generates$110billionto$281billioninillicitfundsayear.1Transparency

Internationalestimatestheglobalcostofcorruption,includingbribery,tobeatleast$2.6trillionperyear,or5%oftheglobalgrossdomesticproduct.2

AlthoughFCCandESGmonitoringtraditionallyfocusondifferentareas,itisbecomingincreasinglyclearthattheycancomplementeachothertosupport

thefightagainstfinancialcrime.ESGmonitoring

broadensthescopeofscrutinybeyondthestandardKYCpracticesbyevaluatingawiderrangeof

information,suchasnegativereportsonacompany’sactivities,ESGdisclosures,andthird-partyESG

ratings.Thisapproachcanenhanceduediligence,particularlyforcompaniesinsensitivesectorslikelogging,landclearing,forestry,mining,andwastetrafficking,whicharealreadysubjectedtomorerigorousassessmentsbyfinancialinstitutions.

Furthermore,financialinstitutionsarealso

implementingproactivemeasuresintheKYCspacetoaddresspotentialESG-relatedrisks.Theseincludeaddressingthemisuseofshellandfrontcompaniesthatcamouflageunlawfulactivities,incorporating

newkeywordsandcriteriaintoadversemedia

searches,andre-ratingcustomerriskprofilesto

accountforillicitESGactivities.Byintegratingthesepractices,financialinstitutionscanbetterdetectand

preventfinancialcrimeslinkedtoenvironmentalandsocialmisconduct,enhancingbothcomplianceeffortsandoverallsustainabilityobjectives.

ByutilizingtechnologiessuchasgenerativeAI,

screeningcanextendbeyondaspecificcompany

toincludethebehaviorandactionsofitspartners,

suppliers,customers,andotherassociatedparties.

Withthehelpofnaturallanguageprocessing,itcanassessunstructureddatafromsourcessuchasglobalandregionalnews,litigations,socialmedia,proxy

voting,shareholderproposals,publicrecordsanddocuments,andinvestigativearticlesinthemedia.

Ourbankhasrejectedthe

onboardingofclientsbasedonthebehavioroftheirboardofdirectorsthatdoesnotalignwithESGconsiderations

GlobalLead,KYCOnboarding,internationalbank

FCCoperations,ontheotherhand,focuslargely

onfinancialtransactions.Institutionswillscrutinize

notonlyacompany’stransactionswithimmediatecustomers,suppliers,andlenders,butalso

thetransactionsthatthosepartieshavewith

theirpartnersthroughseveraltiersofbusiness

relationships.Thisenablesinstitutionstomonitoranextensivenetworkoftransactionstoidentify

suspiciouspatternsinthemovementofmoney.Tofindflowsofillicitfunds,FCCwillattimesincludesome

negativescreeningofnewsreportssimilartoESG,buttypicallyonlyfortheprimaryentity.

Today’stechnologyenablesinstitutionstoexpand

theuseofESGdataandincorporateabroader

scopeofinformationintotheirefforts,creatinga

morecomprehensivepictureofpotentialcriminal

activity.3ESGdataprovidesinsightintotheactivitiesofcompaniesandtheirassociatesthatgenerateillicitfunds,whileFCCinformationrevealshowthosefundsaremovedandconcealed.

Suchinsightsnotonlystrengthenaninstitution’s

abilitytouncoverfinancialcrimes,theyalsomakeit

possibletodosoearlier.TroublingESGbehavioris

typicallythepredicatecrimetomoneylaunderingandotherfinancialcrimes.Thus,theintegrationofESG

principlesintoFCCenablesinstitutionstoanticipatecrimes.Inshort,ESGfactorscanserveasvaluable

earlyindicatorsoffinancialwrongdoingamonganinstitution’scustomers,makingitpossibletopredictrisksandactquicklytostrengthentheirdefenses

againstillicitactivity.

4Dualthreat,dualdefense

GenerativeAIallowsfinancialinstitutionstoscreencompaniesanditsassociatedpartiesatadetailedlevelagainstanextensive

catalogueofpotentialproblemssuchashumantrafficking,childlabor,environmentalviolations,deforestation,andbribery.Thiscanprovide

anin-depthunderstandingofacompany’sshortcomingsacrossESGfactors.

ESGandFCC

Connectingthedots

Tocontendwiththeintersection

ofESG-relatedproblems

andfinancialcrime,financial

institutionsneedtobeon

thelookoutforcriminalswho

areoftensophisticatedand

innovative.Hereareseveral

recentreal-worldexamplesthatmadeheadlinesinthemedia.

InMadagascar,criminalswereillegallyloggingrosewood,aprotectedspecies.In76casesreferredtothecourts,authoritiescitedillegalfinancialflowsof$160millionfromthis

activity,runningfrom2009to2020.Criminalsoftenlaunderedthosefundsthroughthecountry’svanillaindustry,ahighlycash-intensivebusiness.Theywoulddosobybuyinglargeamountsofdomesticvanillatomanipulatepricestohidetheintegrationofillicitfundsintothevanillabusiness.4

In2023,ItalianandGermanauthoritiesannouncedthattheyhadarrested14peopleandseized€90millioninassetsinacaseinvolvinganillicitwaste-traffickingscheme.Officialssaidthatthecriminalgroupillegallyacquiredscrapironthroughanetworkofcompaniesinseveralcountries,andthensolditonthelegalmarketassteelimportedfrom

Germany—withoutproperrecyclingorcleaning.Cashwastransferredthroughseveralfictitiouscompaniesinothercountries,withsomeprofitseventuallybeinglaundered

throughlegitimatebusinessactivities,includingthepurchaseofafootballteaminItaly.5

In2021,theU.S.DepartmentofJusticeannouncedtheindictmentof24peoplefor

humansmugglingandlabortraffickingthatillegallyimportedMexicanandCentral

AmericanworkerstoworkonfarmsinsouthernGeorgia.Prosecutorssaidthatthegroupforcedthevictimstoworkforlittleornopay,“housingthemincrowded,unsanitary,anddegradinglivingconditions,andbythreateningthemwithdeportationandviolence.”

Officialsestimatedthatthegrouphadearnedmorethan$200millionfromthescheme,withthefundsbeinglaundered“throughcashpurchasesofland,homes,vehicles,andbusinesses;throughcashpurchasesofcashier’schecks;andbyfunnelingmillionsof

dollarsthroughacasino.”6

sDualthreat,dualdefense

UnleashingthefullpotentialofESGandFCCdata

WhileagrowingnumberoffinancialinstitutionsandregulatorsseevalueincombiningtheperspectivesofbothESGandFCC,manyarestillintheearlystagesofdoingso—andoften,theyarelookingforwaystoproceed.Formostfinancialinstitutions,integratingESGfactorsintoFCCmonitoringwillberelativelyinexpensivebecauseitinvolvesthemodificationoftwoexistingcapabilities,ratherthanimplementinganentirelynewplatform.ButthereareseveralkeyguidelinesthatareimportanttotheeffectiveexpansionofFCC:

AlignESGandFCC:ExpandFCCnegativescreeningbyintegratingESGfactorsintoframeworksusedforcustomerduediligenceandextendedduediligence,whichisusedforpotentiallyhigh-riskcustomers.ESGattributescan

betailoredtocreateaunifiedsearchtaxonomythatfocusesonuncoveringfinancialcrimeandsupportingFCC,ratherthanbroaderESGissues.Forexample,pollutingariveriswrong,butitisunlikelytoleadtorevenuethat

Despitethegrowing

importanceofESG

considerations,policy

clarityandintegration

ofESGfactorsintoKYCprocessesarestillintheearlystagesacrossmanyinstitutions.There’sa

needforclearerguidanceandstandardized

approaches.

ComplianceOfficermajorEuropeanbank

needstobehiddenandlaundered.

BroadenriskscoresbyfullyconvergingESGandFCC:IncorporateESGinsights,basedonthescreeningofmultiplelevelsofcompanyrelationships,intoperiodicongoingcustomerreviewsandcase

investigations.Inaddition,institutionsshoulddevelopESG

scorecardsforcompaniesandtheirnetworksofrelatedcompaniesforuseincreatingcustomerriskscores.

LeverageGenAItoconductongoingmonitoringwithareductionoffalsealerts:UseofgenerativeAIforexpandedmonitoring

allowsmorefactorsatmorelevelsofrelationships.Thus,itwill

naturallyincreasethenumberofalertsflaggingpotentialcriminalactivities,whichcanbeoverwhelming.GenerativeAIcanhelp

institutionseliminatenoiseintheirmonitoringeffortsandfocusontherightproblemswithminimaleffort.

ExpandtheuseofmachinelearningtoenhanceFCCmonitoring:

Thiscanhelpfinancialinstitutionsstayaheadbycontinuouslyrefiningdetectionmodels,identifyingnewpatterns,extendingscreeningacrossallrelationshipsratherthanjusttheprimaryentity,andadaptingtoemergingthreatsinreal-time.

EnhancingcurrentFCCframeworksandproceduresto

includeESGconcernscanmakeFCCmoreeffectivewhileeliminatingredundantprocessesandreducingtheoverallsupervisoryburden.That’sakeypoint,giventhehighcostsofcompliance,especiallyforinstitutionsoperatingacrossdifferentjurisdictions.Buttherealbenefitsgofarbeyondgreaterefficiency.

ByintegratingESGinsightsintotheirFCCefforts,financialinstitutionscandevelopacomprehensiveviewoftheirriskexposure,enhancetheirabilitytodetectcriminalactivities,andstrengthentheiroverallcompliancemeasures.An

importantlinkbetweenESGandFCCarisesinthearea

ofsanctions,wheresanctionslawsandregulationshelp

institutionsavoiddealingswithrogueregimesandterroristgroupswhilepromotinghumanrightsbytargetingissueslikeforcedlaborandhumantrafficking.ToaddressESG-

relatedrisks,sanctionsscreeninglists,keywords,andlogicareoftenupdatedtomoreeasilyidentifybadactors.

6Dualthreat,dualdefense

Thisapproachhighlightsthegrowingimportanceof

ESGincompliancestrategies,wherethepenaltiesfor

non-compliancecanbesevere.Forinstance,in2020,

anAustralianbankagreedtoa$920millionsettlement

withregulatorsafterfailingtoimplementadequate

transactionmonitoringtoidentifytransfersrelatedto

childexploitation.ByaligningESGconsiderationswithFCCframeworks,financialinstitutionsnotonlybolstertheir

defensesagainstfinancialcrimebutalsosupportbroadersocietalgoals,suchashumanrightsandenvironmental

protection.7

Improvedcomplianceandbetterriskmanagementare

clearandimmediatepayoffsofESGandFCCconvergence,butbringingbothdomainstogethercanalsodriveavarietyofbroaderbenefits.Itcan,forexample,helpstrengthen

aninstitution’sbrandandreputation,especiallyamong

customerswhoplaceimportanceonethicalbehaviorandsustainability.Itcanalsoimproveinvestors’confidenceinaninstitution’sabilitytomanagecomplianceandreducerisk,aswellasincreaseaninstitution’sappealtoinvestorslookingforcompaniesthatembraceESGgoals.

Identifyingtherootcausewithastructuredframework

Tokeeppacewithevolvingfinancialcrimes,regulatorssuchastheEuropeanParliamentregularlyissueanti-

moneylaundering(AML)directivesthatmemberstatesmustimplementintotheirdomesticlegislation.The

latestdirectiveidentifies22predicateoffensesoractivitiesthathavethepotentialtogenerateillicitgainsandleadtomoneylaundering.Similarly,FinCENrecentlyoutlinedkeyAMLnationalpriorities,includingcorruption,cybercrime,terroristfinancing,fraud,transnationalcriminalactivities,drugtrafficking,humantrafficking,

andproliferationfinancing.ThisalignmentshowsthatspecificESGconcerns,suchashumantraffickingand

corruption,areincreasinglyrecognizedascriticalprioritieswithinAMLframeworks,underscoringthegrowingregulatoryfocusonintegratingESGconsiderationstomoreeffectivelycombatfinancialcrime.

OverlapbetweenESGfactorsandFCCscreening

Amount

ofoverlap

ESGpillar

Predicateoffenses

Environment

•Environmentalcrimes,suchaspollution,illegalwastedisposal,wildlifetrafficking

•Illicittraffickingofcertainculturalgoods,suchas

endangeredspecies

Duetolimitedoverlap,thereis

asubstantialopportunitywithin

theEnvironmentpillartoextend

traditionalFCCscreeningpractices.

Social

•Terrorismfinancing

•Drugtrafficking

•Armstrafficking

•Organizedcrime

(includingitsinvolvementinsocialissuessuchas

humantrafficking)

•Kidnappingandextortion

•Humantraffickingandsmuggling

•Sexualexploitation

•Counterfeitingof

currencyand/orproducts,whichcanhavesocial

impactsifpoor-quality

productsharmconsumers

Governance

•Taxcrimes

•Fraud

•Corruption

•Bribery

•Cybercrime(dependingonthetarget,cybercrimecandisruptsocialservicesorcauseeconomicdamage)

•Theftandrobbery

•Illicittraffickingofarms

•Counterfeitingofcurrency,whichcanunderminetrustinfinancialsystems

•Mismanagementof

culturalgoods(poor

governancecanleadtoalackofprotectionforculturalartifacts)

7Dualthreat,dualdefense

Dualthreat,dualdefense

TheconnectionbetweenESG-relatedbehaviorandfinancialcrimeisbecomingincreasinglyevident,highlightingthecriticalrolethatESGcanplayinidentifyingandmitigatingsuchrisks.Leveragingthetechnology,data,

expertise,andsystemstraditionallyusedinAMLprocessestoassessESGriskscreatesamorecomprehensiveandrobustriskmanagementstrategy.Conversely,insightsanddisclosuresfromESGassessmentscanenhanceFCC

compliancebyaddingvaluablecontextandidentifyingpotentialriskfactorsthatmightotherwisebeoverlooked.Thisreciprocaluseofinformationnotonlystrengthenstheinstitution’scapacitytocombatfinancialcrimebut

alsopromotesmoreresponsibleandethicalbusinesspracticesacrosstheboard.

Createsacomprehensiveviewwith

leadingindicatorstosignificantlyenhancetheeffectivenessofcomplianceefforts.

Achievesoperationalefficienciesinnegativescreeningbyleveragingaconvergedframework.

Adoptinga

Dualthreat

Dualdefense

approachoffers

bankstwosignificantadvantages

Asfinancialinstitutionsfaceincreasingdemandsfortransparencyandaccountabilityfromstakeholders,the

integrationofESGintoFCCframeworksbecomesnotamatterofif,butwhen.Institutionsthatembracethis

convergencewillnotonlyenhancetheirriskmanagementcapabilitiesbutalsostrengthentheirreputation,appealtosociallyconsciousinvestors,andbuildstronger,moreethicalrelationshipswiththeirclients.Asthefinancial

landscapecontinuestoevolve,theconvergenceofESGandFCCwillbeessentialinshapi

温馨提示

  • 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
  • 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
  • 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
  • 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
  • 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
  • 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
  • 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。

评论

0/150

提交评论