AML is pushing businesses to strategically calibrate their internal fraud detection systems between improving customers experience and increasing inconveniences. Companies need to increase their understanding of the emerging payment technologies to better adapt their business to it. Cryptocurrency trend is putting regulators and financial institutions under pressure. Blockchain technology can increase transparency in financial transaction by the mean of a public distributed ledger.

1. When Regulatory and Compliance meet Blockchain
« Focus on EU area: Where are we going right now? … »

2. A better prevention, detection, and reporting framework: Focus on AML
« How can Blockchain be a way to achieve AML compliance? »
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Firms will have to pay higher costs in case of AML breach
Understanding emerging technologies and alternative payment & transfer services is key
Strategic choice to be done between preventive measures and customer satisfaction
Increasing complexity level of transactions leading businesses to face higher risks
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The anonymous nature of crypto-currency is raising regulators’ concerns
Businesses need to create infrastructures for cross-
channel detection of suspicious activities;
The more red flags are detected, the bigger the
inconveniences will be created to the customers;
The need to use emerging new technologies is key to
adapt to the new AML rules in an efficient way;
Lack of regulatory cross-countries regimes
convergence increase the AML directive complexity.
Impacts for the financial
services
Permissioned Blockchain as a cross-channel solution to
manage banks’ transactions in real-time;
Availability of historical record of all documents shared
and compliance activities undertaken for each client;
Tracking all participants data is a challenge that can be
thrown at the Blockchain with multiple parties;
All financial data recorded on the ledger could be easily
available to regulators and third parties entities.
Blockchain as a solution for the
financial services

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Our Consultants
« Learn more about our consultants, their main points of expertise … »

4. Our key contacts
« We provide you our best talents to support your biggest challenges »
Senior Consultant & Blockchain Leader
Initio Luxembourg/Brussels
Sami El Bouamri
Sami provides advisory services to a large portfolio of clients from various industries such as Banks and Insurance
companies and Investment funds (Hedge funds, PE/RE funds). His experience in Audit, Risk management and
Compliance combined with strong IT skills led him to work on various complex and multidimensional challenges.
He is supporting his clients on various aspect such as regulatory matters (Solvency II, PRIIPS, IFRS 9, UCITS V and
on other Risk Transparency reportings) on one side, and on the other side Blockchain (DLT), Machine learning/AI,
matters. His diversified experiences make him a trusted partner for your business.
Senior Manager
Initio Brussels
Brice Boland
Brice is a Senior Manager who, thanks to his managerial skills and dedication, has dealt with a strong client
portfolio comprised of clients from various industries such as Banks, Insurances companies and Investment
Funds.
Before joining Initio Brussels, he worked in audit and advisory for companies such as SME, Groups & Financial
Holding - construction, real-estate, energy, retail, insurance clients. This allowed him to gain a deeper expertise in
-IFRS & BEGAAP accounting standards; External financial audit techniques of industrial companies. His diversified
experiences make him a trusted partner for your business.
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Contact information
« Feel free to contact us if you have any questions … »
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6. Contact information
« Feel free to contact us if you have any questions … »
BRUSSELS
Boulevard Brand Whitlock, 60
Brussels, 1200 Belgium
+32 (0)2 669 77 44
brussels@initio.eu
LUXEMBOURG
153-155 rue du Kiem - Entrée D
8030, Strassen Luxembourg
+352 (0) 27 72 39
luxembourg@initio.eu
GENEVA
Rue du Commerce, 4
Geneva, 1204 Geneva
+41 (0) 22 591 79 21
geneve@initio.eu
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