Regulatory Compliance Journal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Computer Scientist Consultant
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Reeva Manalili - Pideeco Member
Reeva Manalili Trainee
Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Associate Director

More work

RBA - Risk Based Approach: strengths and weaknesses

RBA, Risk Based Approach, Risk, Financial firms, AML, Conduct Risk, Risk Management, GAFI, Financial Institutions, Due Diligence, EWRA, Anti Money Laundering, Compliance, Terrorism Financing,

In today’s financial challenging environment, institutions are exposed to numerous economic abuses making it necessary to activate preventive measures to decrease the risks. Among these, money laundering (ML), terrorist financing (TF), corruption, ...

AML - KYC : Impacts of the 4th AML Directive (AMLD4)

Compliance, Financial firms, KYC, AML, Financial Sanctions, Politically Exposed Persons, Europe, EU, European Commission, Anti Money Laundering,

What will be the impacts of implementation of the Fourth AML EU Directive (2015/849) ?Since 1991, the European Union has regularly implemented new anti-money laundering directives. On the 20th of May 2015, the European Parliament and the Council issu...

Intro to DLU4: Foreign accounts and Fiscal Regularisation

Reporting, Tax Havens, Belgium, Consultant, Ethics, EU, Compliance expert,

What is DLU and how has it evolved through the years?DLU stands for "Déclaration Libératoire Unique", which is a Single Discharge Declaration. By introducing the DLU concept, the scope of the Belgian tax authority was to give a chance, to people w...