Provi García Cantero

Compliance Specialist and Legal Advisor

PAYCOMET by Banco Sabadell

2023.06 - Current

I'm in charge of applying the examination and acceptance procedure to e-commerce merchants subjected to enhanced due diligence measures. Depending on their legal form, I request, examine, and validate the necessary KYC documents. I identify the customers, their respective beneficial owners, and their representatives. I also examine their business activities and verify compliance with legal obligations. I conduct an initial screening of the customer, its beneficial owner, its representatives, and, when applicable, its senior executives and members of the board against TFS lists and PEP databases. I also perform an initial reputational risk assessment. Once these measures have been applied, I draft a report to authorize the acceptance of the high risk customers. Whenever I suspect a potential link to ML/TF, I escalate a report to the internal control body of Banco Sabadell Group.
Regarding medium and low risk customers, I supervise the correct application of the initial Customer Due Diligence measures by the firs line of defense and address their questions and concerns. To assist them in their tasks, I have created a practical guide and conducted several training sessions.
Through sampling, I verify that the ML/TF risk level has been correctly assigned to the e-commerce merchants.
I apply ongoing monitoring measures annually for high risk customers. Using external information sources, I check for any changes in the e-commerce merchants. Subsequently, I contact them to request updated documentation, verify if there have been any undetected changes, and request the appropriate supporting documents.
Regarding medium and low risk customers, I supervise the correct application of the ongoing monitoring measures.
I review the alerts generated daily by the provider of TFS lists, PEP databases, and adverse media records and, if applicable, I reclassify the initially assigned AML/CTF risk level for the concerned customer and apply enhanced due diligence measures.
When our customers operate as marketplaces under the SEPA scheme, before authorizing the settlement of funds to their sellers, I verify the sellers' KYC documentation.
I apply initial and ongoing due diligence measures to collaborators (business partners within payment cards schemes, suppliers and alternative payment methods providers). I identify the collaborators and their respective beneficial owners, I carry out their initial and on-going screening, I do the correspondent reputation risk assessment and the initial and on-going assessment of their policies, controls and AML procedures.
I respond to information requests from courts, tax authorities, law enforcement bodies and other authorities. I also prepare periodic reports for the Bank of Spain.
I review monthly payment transactions initiated from client POS terminals, both physical and virtual, exceeding €10,000. If deemed necessary, I request the corresponding invoices.
If review the suspicious transaction alerts generated by Banco Sabadell's internal systems. If I confirm that the transaction is indeed suspicious, I report it to the internal compliance body of Banco Sabadell Group.
I analyze regulatory changes that impact Paycomet's legal and compliance obligations and develop an action plan.
I draft contracts with collaborators, as well as the general terms and conditions of acquiring contracts with merchants.
I have contributed to updating and enhancing Paycomet's compliance internal policies and procedures.

Summary

Overview

Work History

Compliance Specialist and Legal Advisor

Financial Criminal Lawyer and Compliance Advisor

Internship in the Criminal Law Department

Education

Master's Degree in Compliance Officer -

International Certification in Compliance (ICECOM) - Compliance

Public Competition To Become A Judge Or Prosecutor -

Master Degree of Access To The Legal Profession -

Master Degree in Economic Public Law -

Certificate in Corporate Compliance -

Bachelor of Law -

Skills

Languages

Timeline

Compliance Specialist and Legal Advisor

Financial Criminal Lawyer and Compliance Advisor

Internship in the Criminal Law Department

Master's Degree in Compliance Officer -

International Certification in Compliance (ICECOM) - Compliance

Public Competition To Become A Judge Or Prosecutor -

Master Degree of Access To The Legal Profession -

Master Degree in Economic Public Law -

Certificate in Corporate Compliance -

Bachelor of Law -

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