Regulatory Compliance Journal

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

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

The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and ...

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of thei...

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

In an era where technology evolves at a rapid pace, criminals are quick to adapt, developing increasingly sophisticated ...

5 articles matching audit tag

How to set up a conflict of interest program

Imagine a situation in which the integrity of your organisation is corrupted by personal gain – how would you respond? In the field of business ethics, a strong conflict of interest program is the cornerstone that keeps an organization's reputation intact. With it, transparency isn't ju...

How will the EU AI Act impact financial services?

In 2017, the European Council emphasized the need to address artificial intelligence (AI) trends while maintaining high standards for data protection and ethics. By 2023, concerns about ChatGPT's misuse led to Italy's temporary ban. The European Union (EU) is now working on the AI Act to ...

How to conduct KYC on companies

Corporate entities, with their complex networks and multifaceted operations, can become havens for criminal activity. Illicit money and unlawful actions can be hidden within layers of transactions across subsidiaries and partnerships, obscure beneficial owners, and dubious front businesses. How...

How has Russia circumvented sanctions?

In the contemporary political and economic landscape, relations between Russia and the European Union (EU) are a theater where complex games of power, influence and rivalry are played out. At the heart of these interactions are sanctions, instruments often used to express disagreement, inflict ...

How to set up an efficient whistleblowing channel?

In today's corporate environment, transparency and ethical conduct are crucial, making whistleblowing channels vital for reporting unethical practices without fear of retaliation. An effective whistleblowing system promotes integrity and shields organizations from legal and reputational harm...

Nnenna Eze - Pideeco Member
Nnenna Eze Traineeship
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Omar Morabet Chergui - Pideeco Member
Omar Morabet Chergui Traineeship
Thomas Turcksin - Pideeco Member
Thomas Turcksin Junior Consultant

More work

What can be done to improve the efficiency of AML fines?

AML, Anti Money Laundering, Compliance, Due Diligence, Financial Institutions, Governance, Money Laundering,

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in achieving their goals. This inefficiency is manifest in the repeat offending of such banks, the heavy burden it places on them, and ...

Look up company VAT number in Europe

VAT, TVA, VIES, Anti Money Laundering, AML, Europe, BTW, KYC, Know your Customer,

How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VAT number of a counterparty or customer? Whether you are a company that has to check whether your counterparty is subject to VAT...

How do criminals launder their money using the Dark Web?

Blockchain, Money Laundering, Freedom of information, Whistleblowing, Cryptocurrencies, Anti Money Laundering, AML, Prepaid Cards,

Drug trade and illegal markets on the dark web have grown exponentially. Criminals are finding new and original ways to launder money generated from their illicit activities. The dark web is an encrypted part of the internet that hosts online conten...