Regulatory Compliance Journal

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

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

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

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

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

4 articles matching 6amld tag

How to write the perfect SAR?

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 banks have consistently failed to write and s...

Why do most AML programs fail?

Despite the consistent efforts adopted by banks to fight money laundering and financial crime, fines for AML breaches have hit an all-time high. In 2020, financial institutions were fined a grand total of $15.13 billion (€12.79 billion) worldwide, a 51.3% increase compared to 2019, with U...

What are the impacts of Financial Data Leaks?

In the past decade, a series of leaks from insider sources have shed light on the complex systems of money laundering, tax evasion, and fraud perpetrated by certain countries and wealthy individuals. The profound work carried out by international journalists in publishing the wrongdoings have ...

AML: What is adverse media or negative news?

The digital era has given KYC analysts unprecedented access to a plethora of information on individuals and companies. Newspaper articles, online blogs, and social media are accessible and filterable with one click and may reveal important news on a financial institution’s customer. However, ...

Financing terrorism: The billion-dollar blood antiquities art dealing

The destruction of the ancient city of Palmyra and the beheading of its Antiquities Chief, Khaled al-Asaad, in 2015 by the hands of the Islamic State of Iraq & Syria (ISIS) are still fresh in the minds of many. Beginning in 2014, the terrorist group has wrecked havoc across the Middle East and...

Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Computer Scientist Consultant
Yanis Triaa - Pideeco Member
Yanis Triaa Trainee

More work

Overview and Summary of the 5th AML Directive - AMLD5

AML, Compliance, KYC, Financial firms, Money Laundering, European Commission, 5AMLD, EU, Know your Customer, Politically Exposed Persons,

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 of not...

Open Banking - PSD2: the future of financial services

FinTech, Financial Institutions, PSD2, NPPS, EU, Facebook, Europe,

The future of banking is changing and Open Banking is an emerging trend that will evolve the banking world and lead the sector to a digital era. Open Banking transition explainedAccording to the definition provided by "Open Banking Europe", the t...

How to implement efficient corporate governance standards ?

Conduct Risk, Governance, Compliance expert, Compliance, Financial firms, Financial Institutions,

Corporate governance standards are a framework within which operational and behavioural standards for the board, the executive management and the wider staff are set. Hierarchy in harmony. It comes largely with an accountability movement, better mana...