Regulatory Compliance Journal

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

The recent creation of Benchmark Regulation has been the catalyst for a major transition from the old regime of benchmar...

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

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. Th...

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

MiFID (Markets in Financial Instruments Directive) was put into force in November 2007 and was created with the objectiv...

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama Papers hav...

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the econ...

Conduct Risk has been the hot topic during the past few years and its scope falls outside the traditional domains of ris...

The European Banking Authority (EBA) published in June 2019 an : Opinion on the elements of strong customer authenticati...

It did not take long after the entry into force of GDPR on 25th May 2018 for many companies to revise their positions an...

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

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

From an extra pair of hands to the person that advises on strategical decisions and the future of your company. Working...

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

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

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

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

Corporate governance standards are a framework within which operational and behavioural standards for the board, the exe...

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...

20 articles matching compliance 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...

Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Junior Computer Scientist Consultant
Redan El Madani - Pideeco Member
Redan El Madani Trainee
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

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...

How important are audit trails for your company?

Financial firms, Audit, Ethics, Governance, Conduct Risk, RegTech, Transparency, Financial Institutions, AML, MiFID2, KYC,

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destination of a collection of records that represent a sequence of successive activities or events within an operational environment, a p...

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...