Regulatory Compliance Journal

Financial crime and regulatory compliance information for professionals finance, legal and technology enthusiasts

On November 12, 2018, the European Parliament issued new rules to strengthen the fight against money laundering through ...

Since 1991, the European Union has regularly updated and released new anti-money laundering directives to adapt to and b...

In the past decade, a series of leaks from insider sources have shed light on the complex systems of money laundering, t...

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges...

In recent years, the banking sector in the European Union has been shaken by different scandals related to money launder...

The coronavirus pandemic has reinforced the hunger to urge world leaders to take consistent action to fight climate chan...

Politically exposed persons (PEPs) are individuals who have been entrusted with prominent public functions, such as gove...

Every year, the freedom of millions of innocent lives are stolen while an illicit river of money continues to flow, conc...

8 articles matching 6amld tag

Decoding DORA: Navigating Operational Resilience in Financial Services

In 2020, the EU introduced a new regulatory framework that would be centered on measures to increase the digitalization of the financial sector. It later would be called the Digital Operational Resilience Act (DORA), and is a part of the Digital Finance Package (DFP), which aims to support inno...

How can criminology help us understand white collar crime?

Though rare in corporate or finance environments, criminology offers valuable insights. Despite "white-collar crime" often costing more than street crime, society tends to overlook it. Analyzing corporate misconduct through a crimilogical lens reveals the dynamics of deceit, power, and ...

Financial greenwashing: the dark links between green bonds and corruption.

Faced with the urgent challenge of climate change, green bonds are emerging as an innovative response to finance sustainable projects and encourage the transition to an environmentally friendly economy. However, the persistent threat of corruption undermines these well-intentioned initiatives, ...

What can be done to improve the efficiency of AML fines?

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in achieving their goals. This inefficiency is manifest in the repeat offending of such banks, the heavy burden it places on them, and the lack of improvement in the AML system. A ...

How effective are AML fines?

Considered a strong deterrent against financial crime, AML fines seem to be little more than symbolic slaps on the wrist for financial institutions with vast pockets. With trillions of dollars being freely laundered every year and ambiguous structural changes required to effectively combat mone...

Nnenna Eze - Pideeco Member
Nnenna Eze Traineeship
Jihane Ayasinen - Pideeco Member
Jihane Ayasinen Traineeship
Maxime Martens  - Pideeco Member
Maxime Martens Traineeship
Aurelie Vandenbulcke - Pideeco Member
Aurelie Vandenbulcke Junior Consultant

More work

How and why to embed AML Lookbacks within financial firms?

Money Laundering, AML, Audit, Audit Findings, Financial operations, Due Diligence, Financial firms,

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of their AML/CTF program, dissecting the nuts and bolts of their procedures and controls. But the current set-up isn’t what they are s...

European Data Protection Authorities Websites [Compiled list]

Data Protection Authority, GDPR, National Personal Data Authority, Europe, Data Protection Watchdog, DPA, EDPB, Privacy,

The protection of privacy has grown to be of utmost importance in a society where our every action is digitally recorded and where personal information is exchanged like an untraceable currency. European Data Protection Authorities (DPAs) have launc...

How to write the perfect SAR?

Anti Money Laundering, AML, Audit Findings, Compliance, Due Diligence, Financial Sanctions, KYC, Money Laundering, Red Flags, Risk Based Approach, Reporting, Transaction Monitoring,

Suspicious Activity Reports (SAR) drafted by financial institutions contain some of the most valuable information available to law enforcement agencies in the fight against financial crime. Yet, the FinCEN Files scandal of 2020 has shown that major ...