Regulatory Compliance Journal

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

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

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to c...

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

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

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

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels ...

As funds flow into the hands of charities, an unsettling question arises: is your donation inadvertently fueling money l...

With the convenience of online shopping and the ability to purchase goods and services from anywhere in the world, e-com...

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

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

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

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

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

In 2016, Panama Papers exposed a vast database of 214.000 offshore shell companies used by a variety of individuals and ...

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

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

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

On the 6th of August 2019, the National Bank of Belgium ("NBB") published a press release announcing that in 20...

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

20 articles matching KYC tag

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...

How are charities used for money laundering?

As funds flow into the hands of charities, an unsettling question arises: is your donation inadvertently fueling money laundering activities? While the noble intentions behind charitable giving inspires positive change, criminals have exploited the realm of benevolence, using it as a strategic ...

How can AML experts fight trade-base money laundering?

Beneath the seemingly ordinary surface of global commerce, criminals have created an underground world of complex schemes, where legitimate business transactions serve as a smokescreen for their illicit activities. How can anti-money laundering experts stop the flow of illegal funds into the wo...

European Data Protection Authorities Websites [Compiled list]

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 launched a privacy revolution and established the ...

Ruben Constantino David - Pideeco Member
Ruben Constantino David Junior Consultant
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Camille Crouzet - Pideeco Member
Camille Crouzet Junior Consultant
Yassmina Berrayah - Pideeco Member
Yassmina Berrayah Traineeship

More work

Look up company VAT number in Europe

VAT, TVA, VIES, Anti Money Laundering, AML, Europe, BTW, KYC, Know your Customer,

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 company that has to check whether your counterparty is subject to VAT...

Google can choose to not apply the right to be forgotten globally

Google, GDPR, Privacy, European Court of Justice, EU, Personal Data, Freedom of information, Preliminary ruling, Europe, Data Protection Authority, Transparency, Digital,

On 24 September 2019 the European Court of Justice (ECJ) released a preliminary decision according to which Google is not bound to apply the "right to be forgotten" or "de-referencing" globally. Google preliminary ruling caseIn May 2015, the Fren...

How can AML experts fight trade-base money laundering?

AML, Compliance, Red Flags, Terrorism Financing, Risk, Financial Sanctions, Money Laundering,

Beneath the seemingly ordinary surface of global commerce, criminals have created an underground world of complex schemes, where legitimate business transactions serve as a smokescreen for their illicit activities. How can anti-money laundering exper...