{"id":7900,"date":"2023-03-09T17:10:28","date_gmt":"2023-03-09T22:10:28","guid":{"rendered":"https:\/\/www.cadena.com.co\/?p=7900"},"modified":"2023-03-09T17:10:28","modified_gmt":"2023-03-09T22:10:28","slug":"automation-data-and-personalized-experiences-banco-falabella-success-story","status":"publish","type":"post","link":"https:\/\/www.cadena.com.co\/en\/automation-data-and-personalized-experiences-banco-falabella-success-story\/","title":{"rendered":"Automation, data and personalized experiences: Banco Falabella success story"},"content":{"rendered":"
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In order for companies to carry out increasingly reliable, transparent and secure businesses, it is necessary to correctly manage and prevent risks of money laundering, financing of terrorism and financing for the proliferation of weapons of mass destruction (LA\/FT\/FPWMD ).<\/span><\/p><\/div><\/div>

Currently, there are companies obliged to establish a\u00a0 <\/span>Comprehensive LA\/FT\/FPADM Risk Self-control and Management System<\/span><\/strong> , which implies the identification of their own risks and the analysis of their exposure to them, contemplating factors such as geographical areas where they operate, their counterparties and final beneficiaries, among other relevant aspects.<\/span><\/p>

Even if you are thinking of implementing an\u00a0 <\/span>ML\/FT risk management<\/span><\/strong> system, you should consider the possibility of using technological tools or digital platforms that support the processes established for the correct relationship with third parties.<\/span><\/p><\/div><\/div>

Why is it important to evolve and promote digital transformation focused on LA\/FT\/FPADM risk management?<\/span><\/h2>

Organizations must be aware that risk scenarios will always exist and begin to promote uncertainty management and incorporate for this purpose all the necessary tools that have emerged thanks to\u00a0 <\/span>digital transformation.<\/span><\/strong><\/p>

\u201cWell-used <\/span>technology\u00a0<\/span><\/strong> is an ally of the human being, because it contributes to guaranteeing a better quality of life and better decision-making. In everyday life, it makes it possible\u00a0 <\/span>to manage risks<\/span><\/strong> \u00a0such as early warnings of tsunamis and droughts,” says Juan Camilo Tirado Mar\u00edn, administrative director of Agrograin SA.<\/span><\/p><\/div><\/div>

How to implement technologies in favor of ML\/FT risk management?<\/span><\/h2>

These are good practices recommended by Juan Camilo Tirado Mar\u00edn, administrative director of Agrograin SA<\/span><\/p>

1<\/span><\/b><\/div>

Do not weaken controls with third parties (interest groups, employees, area of \u200b\u200b\u200b\u200binfluence, etc.), based on your own perceptions.<\/span><\/p><\/div>

2<\/span><\/b><\/div>

Implement\u00a0 <\/span>focus groups<\/span><\/em><\/a> , where participants can share news and discuss these platforms and their updates, from which valuable information can be obtained. This would help the team in charge of ML\/FT\/FPWMD risk management to be increasingly autonomous and expert on the subject.<\/span><\/p><\/div>

3<\/span><\/b><\/div>

Carry out a standardization of the process to define a procedure, establish a methodology, delimit the scope of each user and make this implementation more organized.<\/span><\/p><\/div>

4<\/span><\/b><\/div>

Segment the information, evaluating which alerts and results are repetitive, so that it is increasingly refined and that access to it is faster and faster.<\/span><\/p><\/div><\/div><\/div>

If you are taking your first steps in ML\/FT risk management, what to do?<\/span><\/h2>

You have the advantage of handling these issues correctly from scratch, so you can promote the independence of the risk management team, give them autonomy and empowerment to consult any third party with whom they intend to do business in the company.<\/span><\/p><\/div><\/div>

If you still do not have platforms or technologies focused on ML\/FT risk management<\/span><\/h2>