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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...
- 3 min read
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...
- 17 min read
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...
- 7 min read
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...
- 1 min read
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...
- 4 min read
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...
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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