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Activity Calendar
Summer/Autumn 2010
The objective of ECAG is to ensure that the
Eurogiro Community, and thus the Board
members and shareholders, are reasonably
protected against reputation risks incurred by
the regime employed for adherence to AML/
ATF and other KYC related matters. The
responsibilities and role of the Compliance
Audit Group, as defined in the Compliance
Charter approved by the Eurogiro Board, are:
• The maintenance of a regime that
ensures that the Eurogiro Community
adheres to market standards for good
practice within ‘Know your Customer’
and related ’Anti-Money Laundering’ and
Anti-Terrorist Fundi g issues;
• Obtaining confirmation of compliance to
market standards for ‘KYC and AML/ATF’
by customers, prospective customers and
partners;
• Being the Eurogiro Authority on ‘Know
your Customer’ and related AML/ATF
matters;
• Providing consultancy advice and
guidance to Eurogiro entities and
customers of those entities;
• The promotion of compliance awareness.
Although the Compliance Audit Group will
provide advice and guidance to customers
and group entities, the group has no
responsibility for the actual operation of
KYC and AML/ATF systems or procedures.
This remains within the responsibility of the
individual Eurogiro members.
The Compliance Audit Group reports to the
Board of Eurogiro A/S and its responsibilities
cover the entire Eurogiro Group. ECAG
works closely with OAG, the Eurogiro
Operational Advisory Group, on compliance-
related matters.
For those who would like to contact ECAG
in person and want to discuss compliance
related topics, ECAG will be attending the
forthcoming Eurogiro Community Meeting
in May that will be held in Athens. All
members are also welcome to to consult the
compliance-related pages on the Eurogiro
website.
3
Strengthening the Anti-Money Laundering
Framework within the Eurogiro Community
ECAG, the Eurogiro Compliance Audit Group, is happy to announce that its membership has
been strengthened in the last few months. The ECAG members today are: Valeska Grond,
BAWAG P.S.K. Austria, André Blum, PostFinance Switzerland, and Rony Monnaie, bpost Belgium
8
Eurogiro News
Rony Monnaie, Director Compliance,
Integrity & Risk Management at bpost,
Belgium, chairs the Eurogiro Com-
pliance Audit Group. The group runs
an information page on the Eurogiro
members’ intranet site with essential
information on the subject and will also
be available with an update on recent
development and a question and answer
session at the forthcoming Eurogiro
community meeting on 9 May 2012
Deutsche Postbank and Deutsche Bank begin negotiations on a
domination and profit and loss transfer agreement
Deutsche Postbank AG and Deutsche Bank AG agreed to enter into negotiations on a domination
and profit and loss transfer agreement
The agreement is between DB Finanz-
Holding GmbH (a wholly-owned subsidiary of
Deutsche Bank AG) as controlling company,
and Deutsche Postbank AG as dependent
company. Both companies expect that, upon
and in the event of, a successful completion
of the negotiations, the domination and profit
and loss transfer agreement will be proposed
for approval at the Annual General Meeting of
Deutsche Postbank AG on 5 June 2012.
3
Simplicity and convenience in
correspondent banking
MultiLateral Framework opens to a world of payment handlers
– one connection, same standards and SLAs.
Read more at www.eurogiro.com