Regulatory Compliance Journal

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

Is the UBO Register useful during KYC processes?It was a tedious job to complete the UBO Register for companies. There w...

What will be the impacts of implementation of the Fourth AML EU Directive (2015/849) ?Since 1991, the European Union has...

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

Lately the 5th Anti-Money Laundering EU Directive (AMLD5) retained a particular interest on innovative instruments of pa...

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

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

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

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

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. Th...

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

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

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

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

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

Suspicious Activity Reports (SAR) drafted by financial institutions contain some of the most valuable information availa...

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

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

20 articles matching AML tag

What is the impact of the EU whistleblowing legislation?

Whistleblowing became a subject of concern when major consequences produced by Swiss Leaks and Lux Leaks made the case for a change in the European framework. In both cases, the whistleblowers worked for private companies prior to leaking information. If their situation was to repeat now, would...

Why are PEPs under increased scrutiny?

Politically exposed persons (PEPs) are individuals who have been entrusted with prominent public functions, such as government officials, politicians, or high-ranking members of the military. PEPs may also include their family members and close associates. The term "PEP" is often used i...

The hidden costs of golden visas

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popularity, corruption and AML risks have also seeped into its core. Many argue that citizenship is a public good, not a commodity for the open market. In recent years, the EU an...

What are financial crime threats in the metaverse?

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to create its own metaverse project. But the tech giant is just a drop in a larger ocean. It is estimated that over 160 companies, including Apple and Google, are also plunging in...

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...

Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Christian Teixeira Martins - Pideeco Member
Christian Teixeira Martins Junior Consultant
Kenza Kibour - Pideeco Member
Kenza Kibour Traineeship

More work

The rising cost of regulatory compliance for financial institutions

Compliance, Financial firms, Financial operations, Governance, Due Diligence, EWRA, KYC, AML, GDPR, Europe,

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. The stakeholders fear that the cost of compliance will cut the growth of businesses and will lead to very restrictive business envir...

GDPR Privacy Update: Fines, penalties and recent sanctions

GDPR, Data Security, Data breach, Financial Sanctions, Compliance, Financial firms, Privacy, Personal Data, European Commission, EU,

It did not take long after the entry into force of GDPR on 25th May 2018 for many companies to revise their positions and business priorities following their initial scepticism towards the penalties that were to be imposed by the new regulation. The...

Why do most AML programs fail?

Corruption, AML, Financial Institutions, Compliance, Know your Customer, Risk, Anti Money Laundering, KYC, Tone at the Top, Financial operations, Transaction Monitoring, Ethics, Compliance expert,

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) worldwi...