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Lombard is using SAS AML to fight against money laundering

Lombard International Assurance remains a principal player in Anti-Money Laundering (AML) by opting for a solution built on SAS technology and deployed with the expertise of Consortix.

Lombard International Assurance, European leader in wealth management solutions based on unit-linked life insurance, is constantly looking for methods to detect and provide protection against fraud and money laundering. As such, the company has recently opted for the entire AML / CDD platform (Anti-Money Laundering & Customer Due Diligence) by SAS, leader in analytics, and entrusted its configuration to Consortix, one of the leading consultancy firms in the field of financial crime in Europe.

 

Lombard International Assurance has been persuaded by the combined solution of SAS and Consortix, particularly due to the robustness of the fully integrated platform, offering a wide range of functionalities, including the quality of detection and its ability to adapt to the constantly evolving modus operandi of fraudsters. Consortix’s know-how enriches the SAS technology.

 

Recognized worldwide as a must-have platform, the AML / CDD solution by SAS has been installed by more than 200 financial institutions. Lombard International Assurance emphasizes the use of the most reliable technologies in its activities, to comply with AML and CDD regulations.

 

Implementation and rapid detection

 

As the official partner of SAS since 2016, Consortix has successfully implemented more than 20 AML / CDD installations in Europe and North America. From a business perspective, Consortix has completed the SAS platform to be in line with the latest directives, in order to meet the FATF (Financial Action Task Force) expectations.

 

Consortix has recently implemented the SAS platform in life insurance and wealth management in France, with several customers such as Groupe Pasteur Mutualité, Klésia, Unéo, MGP, and others.

 

About Lombard International Group

 

With more than 25 years of experience, Lombard International Group is a leader in life insurance solutions. We have the resources and expertise to provide wealth structuring solutions, through private placement products, unit-linked life insurance and annuities, for high net worth individuals, their families and institutions in the entire world.

 

Having offices in Luxembourg and Philadelphia, covering over 20 markets in the United States, Europe, Asia and Latin America, we are able to offer wealth management solutions in numerous jurisdictions around the world, supported by a profound knowledge of local requirements.

 

The group manages more than 44,9 billion euros in assets as of June 30, 2019. Its workforce of over 500 people consists of 60 technical experts and a client service of more than 100 professionals with expertise in many jurisdictions.

 

Lombard International Group is part of a funds managed by Blackstone, a worldwide leader in the sector, managing more than 545 billion dollars in assets as of June 30, 2019.

 

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