Regulatory Compliance Journal

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

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

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

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

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

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...

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

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

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

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

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

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

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

16 articles matching anti money laundering tag

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...

Environmental Crimes & Money Laundering

The coronavirus pandemic has reinforced the hunger to urge world leaders to take consistent action to fight climate change. The yearning for a profound change and not a “back to normal” has been seen in the past months with the open letter signed by 200 scientists and celebrities published...

Reeva Manalili - Pideeco Member
Reeva Manalili Trainee
Hakim Amri - Pideeco Member
Hakim Amri Trainee
Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Associate Director
Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant

More work

The Banking Industry & Regulatory Compliance Requirements

Financial operations, Financial Institutions, Compliance, Financial firms, Top-down, Insurance, Belgium,

Compliance risk is one of the biggest concerns of the banking industry. Failing to comply can have an impact on the reputation of the brand and create a decrease in its customer population. Lack of due diligence in transactions and clients monitoring...

RBA - Risk Based Approach: strengths and weaknesses

RBA, Risk Based Approach, Risk, Financial firms, AML, Conduct Risk, Risk Management, GAFI, Financial Institutions, Due Diligence, EWRA, Anti Money Laundering, Compliance, Terrorism Financing,

In today’s financial challenging environment, institutions are exposed to numerous economic abuses making it necessary to activate preventive measures to decrease the risks. Among these, money laundering (ML), terrorist financing (TF), corruption, ...

What are Hawala transactions and how do they work?

European Commission, Hawala, Money Laundering, AML, Know your Customer, Due Diligence, Transaction Monitoring, Financial operations, Red Flags, KYC,

In February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based on the Europol press release, the cooperation between French and Italian police led to the arrest of 19 suspects. Algerian author...