Bringing associations into compliance: a complex project

Associations are probably among the most complex cases to bring into compliance . In 2024, a major insurance company entrusted us with the remediation of several thousand associations (in addition to cases involving individuals).

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

Our client was able to secure and improve the reliability of thousands of files thanks to our dedicated solution , while simultaneously relieving the burden on their internal teams. A true driver of compliance and efficiency.

Result: 40% of cases resolved on the PM side , improved traceability , and a process now under control . All within a 100% ACPR-compliant framework.

In 2024, an insurance company approached us to conduct a KYC remediation campaign targeting 13,800 subscribers , divided between 9,700 natural persons and 4,100 legal persons, exclusively associations.

The need was for compliance with ACPR requirements , in a context of insufficient documentation related to European standards for customer identification . The objective was clear: to generalize the collection of documentation on these high-risk profiles, while reducing the workload of internal teams.

 

The benefits for our client 

  • Enhanced compliance with ACPR requirements, with files now documented and auditable

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

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

  • Concrete operational gains on association cases 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 official gazette publication)

  • Association statutes

  • Last minutes of the general meeting

  • JUDIs (proof of identity) of legal representatives

We have put in place a specific system for the management of representatives : their list was transmitted by the client, but remained modifiable by each association within the framework of the digital process.

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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