Regulatory Compliance Journal

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

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

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

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

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

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

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

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

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

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...

Drug trade and illegal markets on the dark web have grown exponentially. Criminals are finding new and original ways to ...

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

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 ...

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

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

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

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...

Yanis Triaa - Pideeco Member
Yanis Triaa Trainee
Hakim Amri - Pideeco Member
Hakim Amri Trainee
Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant

More work

Outcomes of the FATF October 2019 Plenary Week in Paris

FATF, GAFI, AML, FATF WEEK, Money Laundering, Corruption, Financial Sanctions, Red Flags, Risk Based Approach,

For one week, from the 13th to the 18th October, representatives of 205 countries and jurisdictions, the IMF, UN, World Bank and other organizations (OECD, OSCE, Europol, Egmont Group of Financial Intelligence Units, ...) met in Paris for the Financi...

KYC Business: tax havens, embargoes & sanctioned countries

Financial Sanctions, OECD, Financial firms, KYC, Compliance, Tax Havens, Red Flags, AML, Risk Based Approach, EU, Corruption, Know your Customer,

Each year we are entitled to different lists about tax havens issued by governments or international organisations, but what is the difference between these lists? In March 2019, the European Union updated its list of non-cooperative tax jurisdi...

The KYC Guide for Russian Professional Counterparties

Compliance, Financial firms, KYC, AML, Risk Based Approach, Russia, Financial Institutions, Financial operations, Europe,

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the economy requires some specific attention points regarding client due diligence (the risk exposure assessment process of clients to mon...