Regulatory Compliance Journal

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

On the 6th of August 2019, the National Bank of Belgium ("NBB") published a press release announcing that in 20...

What is DLU and how has it evolved through the years?DLU stands for "Déclaration Libératoire Unique", which is...

Compliance risk is one of the biggest concerns of the banking industry. Failing to comply can have an impact on the repu...

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

Insurance/reinsurance companies play an important role for the European economy. Many European countries, among them Be...

5 articles matching belgium 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...

Andre Figueira De Carvalho - Pideeco Member
Andre Figueira De Carvalho Junior Consultant
Luisa Nadege Cafi - Pideeco Member
Luisa Nadege Cafi Junior Consultant
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

GDPR Privacy Update: Fines, penalties and recent sanctions

GDPR, Data Security, Data breach, Financial Sanctions, Compliance, Financial firms, Privacy, Personal Data, European Commission, EU,

It did not take long after the entry into force of GDPR on 25th May 2018 for many companies to revise their positions and business priorities following their initial scepticism towards the penalties that were to be imposed by the new regulation. The...

How is real estate used for money laundering?

6AMLD, Anti Money Laundering, Corruption, Compliance, Due Diligence, Financial Sanctions, Financial Institutions, Know your Customer, 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...

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...