Regulatory Compliance Journal

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

The exponential growth of technology is leading to the disruption of numerous sectors including telecommunications, robo...

While the world is on hold, financial crime has not taken a step back amidst the coronavirus emergency. Scammers, money...

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

Each year we are entitled to different lists about tax havens issued by governments or international organisations, but ...

For one week, from the 13th to the 18th October, representatives of 205 countries and jurisdictions, the IMF, UN, World ...

Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivit...

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

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of thei...

The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and ...

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destinat...

The digital era has given KYC analysts unprecedented access to a plethora of information on individuals and companies. N...

The understanding and management of risk by financial institutions, banks, and entities, has improved over the years. To...

Despite the consistent efforts adopted by banks to fight money laundering and financial crime, fines for AML breaches ha...

In today’s financial challenging environment, institutions are exposed to numerous economic abuses making it necessary...

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama Papers hav...

In February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based...

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the econ...

From an extra pair of hands to the person that advises on strategical decisions and the future of your company. Working...

In the past decade, the video game industry has managed to dwarf the film, music, and television sectors. It’s estim...

20 articles matching AML tag

How is real estate used for money laundering?

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges had invested £1.5 billion in the UK property market, mostly through companies held in Britain’s overseas territories and crown dependencies. The findings exposed Great Br...

GDPR: inspiring data protection worldwide

Since its inception, the EU’s General Data Protection Regulation (GDPR) has been deemed by experts as the world’s strongest collection of data protection rules. As our online presence increases through social media, digital banking, and other means, nations around the globe have come to re...

Dawn of disruption: predicting AML in the next decade

The exponential growth of technology is leading to the disruption of numerous sectors including telecommunications, robotics, science, and finance. As banks are slowly adapting to high-tech innovations, the world of compliance and AML will face unprecedented changes and challenges in the near ...

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...

Thomas Turcksin - Pideeco Member
Thomas Turcksin Junior Consultant
Sofiane Beldjoudi - Pideeco Member
Sofiane Beldjoudi Traineeship
Yassmina Berrayah - Pideeco Member
Yassmina Berrayah Traineeship
Bruno Vandeput - Pideeco Member
Bruno Vandeput Traineeship

More work

AML EWRA - How to conduct Anti-Money Laundering overall risk assessment?

Risk, Due Diligence, AML, Risk Management, Risk Based Approach, Audit, Financial firms, KYC, Compliance, 5AMLD, Audit Findings, FSMA, EU, EWRA,

The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and Belgian perspective for all credit institutions, stockbroking firms, licensed insurance companies and banking industries submitte...

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...

6th AML Directive (AMLD6) : The European Harmonization

AML, Financial Sanctions, European Commission, Financial firms, 6AMLD, Compliance, Money Laundering, Europe, EU, Environmental, Anti Money Laundering, Green Crime,

On November 12, 2018, the European Parliament issued new rules to strengthen the fight against money laundering through the 6th EU Money Laundering Directive (2018/1673). Member States have until 3 December 2020 to transpose the Sixth AML Directive a...