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How to implement efficient corporate governance standards ?

It is a framework within which operational and behavioral standards for the boar...

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Protection of Whistleblowers : What is the EU framework?

On March 12 2019, the European Parliament and European Union Member States made ...

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AML - KYC : Impacts of the 4th AML Directive (AMLD4)

What will be the impacts of implementation of the fourth AML EU directive (2015/...

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GDPR Privacy Update: Fines, penalties and recent sanctions

It did not take long after the entry into force of GDPR on 25th May 2018 for man...

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FATF: Discussion on ways to contribute to financial safety | AML

For one week, from the 13th to the 18th of October, representatives of 205 count...

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EU proposals: cross-border distribution of investment funds

A Proposal for a Directive which will amend, the Directive 2009/65/EC (UCITS IV ...

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The KYC Guide for Russian Professional Counterparties

How to conduct KYC on Russian Counterparties ?Doing business with Russian entiti...

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EWRA - What is Business overall risk exposure assessment?

The understanding and management of the risk by financial institutions, banks, a...

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Look up company VAT number in Europe

How to find the VAT number of a counterparty or customer ?How can you, as a comp...

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The rising cost of regulatory compliance for financial institutions

Businesses are increasingly worried about regulatory costs that arise every time...

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What are Hawala transactions and how do they work?

In February 2019, another criminal group was arrested in Europe, for laundering ...

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MiFID, Time for information transparency

The MiFID (Markets in Financial Instruments Directive) was put in force in Novem...

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How important are audit trails for your company?

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destination of a collection of records that represent a sequence of succe...

AML - Transaction Monitoring & Detection Scenarios

Efficiently fine-tuning AML Transaction Monitoring can help financial firm compliance teams to gain in productivity while carefully avoiding pointless investigations by reducing the amo...

The UBO Register in practice | Belgium

Is the UBO Register useful during KYC processes?It was a tedious job to complete the UBO Register for companies. There were a number of start-up problems that made it difficult to trans...

Look up company VAT number in Europe

How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VAT number of a counterparty or customer? Whether you are a comp...

VAT carousel, fiction or truth for financial institutions ?

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels that are exposed after the facts and where banks then do a look b...

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AML - Transaction Monitoring & Detection Scenarios

Efficiently fine-tuning AML Transaction Monitoring can help financial firm compliance teams to gain in productivity while carefully avoiding pointless investigations by reducing the amount of false-positive alerts. The revision of AML detection scenarios is not a straightforward process and could...

Inside Content

Overview and Summary of the 5th AML Directive - AMLD5

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama papers have shown how the rich and powerful use tax havens to hide their wealth. Big companies such as UBS and ABN AMRO are suspected to not comply with AML Directive by ignoring signals of ...

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Oscar Canario da Cunha -  Pideeco Network Partner
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