Bringing associations into compliance: a complex project

On associations are probably among the most complex files to bring into compliance. In 2024, a major insurance company has entrusted us with the remediation of several thousand associations (in addition to individual files).

Too often dismissed or managed manually, associations represent a real KYC challenge.

Our client was able to secure and make thousands of files more reliable thanks to our dedicated solution, while relieving its internal teams. A real lever for compliance and efficiency.

Result: 40% of cases remedied on the PM side, a better traceability, And a process now under controlAll within a 100% ACPR-compliant framework.

In 2024, an insurance company asked us to carry out a KYC remediation campaign targeted at 13 subscribers, distributed between 9 individuals and 700 legal entities, exclusively associations. 

The need was for a compliance with ACPR requirements, in a context of lack of supporting documents linked to European standards in terms ofcustomer identificationThe objective was clear: to generalize the collection of documents on these risk profiles, while reducing the workload of internal teams. 

 

The benefits for our client 

  • Compliance strengthened with regard to the requirements of the ACPR, with files now documented and auditable 

  • A significant time saving for managers, thanks to the centralization of flows and the reduction of manual processing 

  • Mastery of complex association files, with reliable and automated updating, guaranteeing compliance, traceability and risk reduction. 

  • Operational gains concrete information on association files thanks to the automation of cases previously handled manually or set aside

The solution implemented

To address this initial phase of remediation, we rolled out a fully digital KYC process. For legal entities, the process included the collection of the following documents: 

  • Proof of existence (extracts from publication in the official journal) 

  • Status from the Association 

  • Dernier record general meeting 

  • JUDIs (proof of identity) legal representatives 

We have set up a specific device for the management of representatives : their list was transmitted by the client, but remained modifiable by each association as part of the digital journey. 

Please note that this project is still ongoing and is entering a second remediation phase this year. 

 

 

 

The obtained results

50%

remediation rate on individuals

40%

for legal entities

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