MARCHAND, Jennifer🕴️
đź“ťLa rĂ©ception de la compliance LCB-FT par le secteur bancaire et financier. ModalitĂ©s d’appropriation, dysfonctionnements structurels et Ă©thique comme condition d’effectivitĂ© (“The reception of AML/CFT Compliance by the banking and financial sector. Methods of appropriation, structural dysfunctions and ethics as a condition of effectiveness”), in 🕴️L. Laref (ed.), đź“•Compliance et vigilance bancaire
â–ş Full Reference: J. Marchand, “La rĂ©ception de la compliance LCB-FT par le secteur bancaire et financier. ModalitĂ©s d’appropriation, dysfonctionnements structurels et Ă©thique comme condition d’effectivitĂ©” (“The reception of AML/CFT Compliance by the banking and financial sector. Methods of appropriation, structural dysfunctions and ethics as a condition of effectiveness”), in L. Laref (ed.), Compliance et vigilance bancaire. Contribution des acteurs bancaires et financiers Ă la LCB-FT (Compliance and Banking Vigilance. The Contribution of Banking and Financial Actors to AML/CFT), preface by N. Vasse, 
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â–ş English Summary of this article (article written in French, English summary by the Journal of Regulation & Compliance – JoRC): AML/CFT Compliance is one of the most accomplished forms of Compliance Law. The author shows that its reception by the banking sector brings about a twofold shift: normative, as the obligation of vigilance becomes a continuous requirement to justify the measures implemented; functional, as institutions are mobilised in the service of a general-interest goal without having all the corresponding legal means. Two symmetrical drifts result, compliance washing and de-risking, showing that Compliance driven solely by fear of sanctions may produce conformity without effectiveness or caution without surveillance. Ethics then appears as the condition for the model’s balance.
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