Regulatory Compliance Journal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Each year we are entitled to different lists about tax havens issued by governments or international organisations, but ...

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

20 articles matching compliance tag

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...

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...

Reeva Manalili - Pideeco Member
Reeva Manalili Trainee
Redan El Madani - Pideeco Member
Redan El Madani Trainee
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Mary Aspiras - Pideeco Member
Mary Aspiras Trainee

More work

MiFID: Time for information transparency

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

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 ...

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...

Regulatory Compliance for Insurance and Reinsurance Firms

Reinsurance, Solvency II, PRIIPS, KID, Risk, Financial solvency, Transparency, Reporting, Governance, Ethics, Privacy, FSMA, NBB, Belgium, MiFID2, Insurance,

Insurance/reinsurance companies play an important role for the European economy. Many European countries, among them Belgium, are listed in the top 20 OECD countries with the highest gross insurance premiums, with Belgian premiums reaching around 30...