Regulatory Compliance Journal

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

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

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

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...

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

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

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

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...

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

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

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

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

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

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 KYC 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...

Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant
Sofiane Beldjoudi - Pideeco Member
Sofiane Beldjoudi Traineeship
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Thomas Turcksin - Pideeco Member
Thomas Turcksin Junior Consultant

More work

How important are audit trails for your company?

Financial firms, Audit, Ethics, Governance, Conduct Risk, RegTech, Transparency, Financial Institutions, AML, MiFID2, KYC,

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destination of a collection of records that represent a sequence of successive activities or events within an operational environment, a p...

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...

What is good corporate governance?

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

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...