AFD // 2021 Universal Registration Document

RISK MANAGEMENT 4 Risk management

4.3.6.5 Tax risk AFD did not undergo any tax audits in 2021. 4.3.6.6 Other operational risks

P recording of operational incidents, enabling the implementation of corrective actions and new controls aimed at (i) ɸ preventing any repeated dysfunction or limiting their impact and (ii) ɸ improving operational risk mapping; P first and second level controls; P action plans to correct high-risk areas; P permanent monitoring of New Products/New Activities, via participation in dedicated Committees to ensure that a comprehensive risk assessment has been carried out; P monitoring of outsourced services and the implementation of procedures to manage associated risks. Permanent control provides regular reports to the Group’s Risk Committee and Internal Control Committee (COCINT).

In addition to the risks detailed above, the Group’s permanent control system seeks to cover all risks within the remit of Basel categories ɸ 1 to ɸ 7 to which the Group is exposed (risks relating to (i) ɸ internal and (ii) ɸ external fraud, (iii) ɸ human resources; concerning (iv) ɸ the Group’s financing activity, (v) ɸ personal safety, (vi) ɸ information systems and (vii) ɸ management, processes and procedures). This system for monitoring and mitigating all operational risks is based on: P operational risk mapping, which is the main tool used to measure and monitor these risks;

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2021 UNIVERSAL REGISTRATION DOCUMENT