Regulatory Compliance Journal

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

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

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

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

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...

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

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

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

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

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

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

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

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

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 ...

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

18 articles matching compliance tag

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...

How to detect COVID-19 financial crimes?

While the world is on hold, financial crime has not taken a step back amidst the coronavirus emergency. Scammers, money launderers, and fraudsters have begun to exploit the weaknesses in the economy and in the fearful and worried population. As the efforts of law enforcements and regulators h...

More work

How and why to embed AML Lookbacks within financial firms?

Money Laundering, AML, Audit, Audit Findings, Financial operations, Due Diligence, Financial firms,

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of their AML/CTF program, dissecting the nuts and bolts of their procedures and controls. But the current set-up isn’t what they are s...

Which Financial Abuses are associated with Prepaid Cards ?

Money Laundering, NPPS, Financial firms, KYC, AML, Prepaid Cards,

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...

The rising cost of regulatory compliance for financial institutions

Compliance, Financial firms, Financial operations, Governance, Due Diligence, EWRA, KYC, AML,

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. The stakeholders fear that the cost of compliance will cut the growth of businesses and will lead to very restrictive business envir...