Regulatory Compliance Journal

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

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges...

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

With the rise of environmentally and socially conscious consumers, companies are under more pressure than ever to prove ...

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

Beneath the seemingly ordinary surface of global commerce, criminals have created an underground world of complex scheme...

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

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

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

The exponential growth of technology is leading to the disruption of numerous sectors including telecommunications, robo...

Financial sanctions and embargos have long been used by governments and international organizations as a means of applyi...

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in ac...

In 2020, the EU introduced a new regulatory framework that would be centered on measures to increase the digitalization ...

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 popularity of cryptocurrencies has risen significantly in recent years, with more individuals and businesses using t...

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

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

Whistleblowing became a subject of concern when major consequences produced by Swiss Leaks and Lux Leaks made the case f...

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

20 articles matching compliance tag

Decoding DORA: Navigating Operational Resilience in Financial Services

In 2020, the EU introduced a new regulatory framework that would be centered on measures to increase the digitalization of the financial sector. It later would be called the Digital Operational Resilience Act (DORA), and is a part of the Digital Finance Package (DFP), which aims to support inno...

How can criminology help us understand white collar crime?

Though rare in corporate or finance environments, criminology offers valuable insights. Despite "white-collar crime" often costing more than street crime, society tends to overlook it. Analyzing corporate misconduct through a crimilogical lens reveals the dynamics of deceit, power, and ...

Financial greenwashing: the dark links between green bonds and corruption.

Faced with the urgent challenge of climate change, green bonds are emerging as an innovative response to finance sustainable projects and encourage the transition to an environmentally friendly economy. However, the persistent threat of corruption undermines these well-intentioned initiatives, ...

What can be done to improve the efficiency of AML fines?

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in achieving their goals. This inefficiency is manifest in the repeat offending of such banks, the heavy burden it places on them, and the lack of improvement in the AML system. A ...

How effective are AML fines?

Considered a strong deterrent against financial crime, AML fines seem to be little more than symbolic slaps on the wrist for financial institutions with vast pockets. With trillions of dollars being freely laundered every year and ambiguous structural changes required to effectively combat mone...

Thomas Turcksin - Pideeco Member
Thomas Turcksin Junior Consultant
Manon Rase - Pideeco Member
Manon Rase Traineeship
Jihane Ayasinen - Pideeco Member
Jihane Ayasinen Traineeship
Piet De Vreese - Pideeco Member
Piet De Vreese Managing Director

More work

The rising cost of regulatory compliance for financial institutions

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

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...

Environmental Crimes & Money Laundering

Environmental, Money Laundering, 6AMLD, EU, Whistleblowing, Green Crime, Red Flags, AML,

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 signe...

How are shell companies used for money laundering?

AML, 5AMLD, Anti Money Laundering, Corruption, Compliance, EU, Ethics, KYC, Money Laundering, Red Flags, Tax Havens,

In 2016, Panama Papers exposed a vast database of 214.000 offshore shell companies used by a variety of individuals and companies for tax evasion, money laundering, and corruption. The scandal sent shockwaves across the world, revealing the detriment...