TY - CHAP
T1 - Business Registration Data as the Best Vehicle to Achieve KYC and AML for Business
AU - Cárdenas, Erick Rincón
AU - Molano, Valeria Martinez
N1 - Aporte al conocimiento: El texto representa un aporte al destacar la importancia de la adopción de políticas que conlleven a la prevención de actividades fraudulentas a través del conocimiento adecuado del cliente en las empresas. En particular, en el caso de las compañías de seguros, es crucial conocer a fondo a los clientes y sus transacciones, ya que las decisiones internas se basan en políticas de gobierno corporativo. Dado lo anterior, se sugiere la implementación de herramientas RegTech a través de un Registro Único Empresarial que contendría toda la información necesaria sobre una empresa, incluyendo estados financieros, lo que facilitaría el cumplimiento regulatorio
PY - 2022
Y1 - 2022
N2 - To achieve the corporate purpose of a company, it is necessary to follow the regulations that exist in its respective sector, which include not only the adoption of policies and protocols, but also the prevention of fraudulent activities, which can be done through a sufficient knowledge of the customer. It is of greater relevance in the case of insurance companies, which must sufficiently know their client, taking into account their transactions and activities, since the internal decisions that the company takes in relation to the risks it assumes are based on its own corporate governance policies. For this purpose, this chapter proposes the alternative of implementing RegTech tools through the adoption of a Single Business Registry. This registry contains all the required information from a company, including financial statements for the respective periods, which can be supplemented with records already existing in a country, as this would facilitate regulatory compliance.
AB - To achieve the corporate purpose of a company, it is necessary to follow the regulations that exist in its respective sector, which include not only the adoption of policies and protocols, but also the prevention of fraudulent activities, which can be done through a sufficient knowledge of the customer. It is of greater relevance in the case of insurance companies, which must sufficiently know their client, taking into account their transactions and activities, since the internal decisions that the company takes in relation to the risks it assumes are based on its own corporate governance policies. For this purpose, this chapter proposes the alternative of implementing RegTech tools through the adoption of a Single Business Registry. This registry contains all the required information from a company, including financial statements for the respective periods, which can be supplemented with records already existing in a country, as this would facilitate regulatory compliance.
UR - http://www.scopus.com/inward/record.url?scp=85143530199&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85143530199&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-85817-9_13
DO - 10.1007/978-3-030-85817-9_13
M3 - Chapter
AN - SCOPUS:85143530199
SN - 978-3-030-85816-2
T3 - AIDA Europe Research Series on Insurance Law and Regulation
SP - 297
EP - 316
BT - AIDA Europe Research Series on Insurance Law and Regulation
A2 - Marano, Pierpaolo
A2 - Noussia, Kyriaki
PB - Springer-Verlag Italia s.r.l.
ER -
