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 ...

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

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...

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

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 ...

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

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

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

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges...

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

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

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

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

18 articles matching anti money laundering 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...

Redan El Madani - Pideeco Member
Redan El Madani Trainee
Yanis Triaa - Pideeco Member
Yanis Triaa Trainee
Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant

More work

MiFID: Time for information transparency

Financial firms, MIFID, Financial firms, Investment Funds, UCITS, MiFID2, ESMA, PRIIPS, Transparency, Compliance,

MiFID (Markets in Financial Instruments Directive) was put into force in November 2007 and was created with the objective of harmonising Europe's financial landscape. This Directive changed how the financial markets worked and especially how they ...

EU proposals: cross-border distribution of investment funds

UCITS, AIFs, Capital Markets Union, ESMA, European Commission, EU, MIFID, Investment Funds, MiFID2,

A Proposal for a Directive which will amend, the Directive 2009/65/EC (UCITS IV Directive) and the Directive 2011/61/EU (AIFMD), was adopted on 12 March 2018 by the European Commission. The aim of the new Directive will be to facilitate the cross-bo...

Which Financial Abuses are associated with Prepaid Cards ?

Money Laundering, NPPS, Financial firms, KYC, AML, Prepaid Cards, Know your Customer, Terrorism Financing, Financial Institutions, Anti Money Laundering, Red Flags,

Lately the 5th Anti-Money Laundering EU Directive (AMLD5) retained a particular interest on innovative instruments of payment, among which Prepaid Cards and digital currencies. In 2013 the Financial Action Task Force (FATF) had raised a non-binding...