Regulatory Compliance Journal

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

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

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

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the...

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

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

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...

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

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

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

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

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

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

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

In recent years, the banking sector in the European Union has been shaken by different scandals related to money launder...

17 articles matching anti money laundering tag

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...

What are the impacts of Financial Data Leaks?

In the past decade, a series of leaks from insider sources have shed light on the complex systems of money laundering, tax evasion, and fraud perpetrated by certain countries and wealthy individuals. The profound work carried out by international journalists in publishing the wrongdoings have ...

AML: What is adverse media or negative news?

The digital era has given KYC analysts unprecedented access to a plethora of information on individuals and companies. Newspaper articles, online blogs, and social media are accessible and filterable with one click and may reveal important news on a financial institution’s customer. However, ...

Financing terrorism: The billion-dollar blood antiquities art dealing

The destruction of the ancient city of Palmyra and the beheading of its Antiquities Chief, Khaled al-Asaad, in 2015 by the hands of the Islamic State of Iraq & Syria (ISIS) are still fresh in the minds of many. Beginning in 2014, the terrorist group has wrecked havoc across the Middle East and...

Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant

More work

AML: What is adverse media or negative news?

Compliance, Anti Money Laundering, RegTech, Know your Customer, Red Flags, KYC, Due Diligence, AML, Money Laundering, KYC,

The digital era has given KYC analysts unprecedented access to a plethora of information on individuals and companies. Newspaper articles, online blogs, and social media are accessible and filterable with one click and may reveal important news on a ...

AML Transaction Monitoring & Detection Scenarios

AML, Transaction Monitoring, Due Diligence, Risk Management, KYC, Financial firms, Anti Money Laundering, Detection Scenarios, RegTech, Risk Based Approach, Compliance expert, Red Flags,

Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivity while carefully avoiding pointless investigations by reducing the amount of false-positive alerts. The revision of AML detect...

Apply a Top-down approach for Regulatory Compliance Ops

Governance, MIFID, Compliance expert, Tone at the Top, Top-down, MiFID2, Audit Findings, Transparency,

A top-down approach highlights the behaviour of regulatory changes in the financial institution and helps the Compliance Officer to build a strong Governance. This principle is also known as “tone at the top” in ethical and responsible business b...