COMPLIANCE NORMS : Coficert Awards AML and MSI certifications to Bgfi Holding Corporation
The document delivery ceremony between Henri-Claude Oyima, Chief Executive Officer (CEO) of the Bgfi Group, and Cristian Mocanu, Chief Executive Officer of French organization Coficert in the presence of several officials took place on June 16 in Libreville, Gabon.
The Gabonese banking group Bgfi Holding Corporation, present in twelve countries, including Cameroon that has recently announced obtaining its double AML 30,000 and MSI 20,000 certification, awarded by the French certification body Coficert. Indeed, these standards certify the technical compliance and the effectiveness of the measures to combat money laundering and the financing of terrorism (AML/FTP) set up by the group which is most of the time exposed to these scourges.
To achieve this, the banking group has carried out a plurality of actions in order to set up measures to prevent and detect risks related to money laundering, terrorist financing, non-compliance with embargoes and financial sanctions in accordance with the evolution of international regulations in force. Among which : « Siron AML, is a behavioral analysis tool based on the follow-up and monitoring of transactions in order to detect and prevent any money laundering activity ; Swift Sanction Screening, a filtering tool based on the instant filtering of suspicious transactions from payment systems through sanctions lists ; and Siron KYC, a customer base screening tool », explained Henri-Claude Oyima, CEO of the Bgfi group.
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In addition, the certifications of Bgfi Holding Corporation confirm it in its missions of regulation, animation and control of subsidiaries with a reinforced synergy between the group’s head company and its subsidiaries on security and financial governance issues. In 2005, Bgfi Bank was one of the first banking groups in Africa to obtain ISO 9001 version 2000 certification, through Bgfi Bank Gabon.
Moreover, these standards consolidate the group through its bullish results achieved in 2022. In 2022, it achieved a total balance sheet of 4,883.2 billion (+25 %). Its Cameroonian subsidiary closed the financial year with a net profit of 10.103 billion (+23 %). The net banking income, which measures the difference between income and operating expenses, was also maintained on a bullish trend peaking at 30.5 billion francs against 23 billion a year earlier.
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