Regulatory Compliance Journal

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

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of thei...

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

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

In February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based...

Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivit...

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

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

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

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

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

12 articles matching due diligence tag

How is real estate used for money laundering?

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges had invested £1.5 billion in the UK property market, mostly through companies held in Britain’s overseas territories and crown dependencies. The findings exposed Great Br...

GDPR: inspiring data protection worldwide

Since its inception, the EU’s General Data Protection Regulation (GDPR) has been deemed by experts as the world’s strongest collection of data protection rules. As our online presence increases through social media, digital banking, and other means, nations around the globe have come to re...

Dawn of disruption: predicting AML in the next decade

The exponential growth of technology is leading to the disruption of numerous sectors including telecommunications, robotics, science, and finance. As banks are slowly adapting to high-tech innovations, the world of compliance and AML will face unprecedented changes and challenges in the near ...

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...

Bruno Vandeput - Pideeco Member
Bruno Vandeput Traineeship
Ayoub Raouf - Pideeco Member
Ayoub Raouf Traineeship
Luisa Nadege Cafi - Pideeco Member
Luisa Nadege Cafi Junior Consultant
Cesario Pinto - Pideeco Member
Cesario Pinto Traineeship

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, 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 to remotely identify clients and become PSD2 compliant?

PSD2, Europe, Digital, Financial Institutions, Financial operations, EU, Compliance, Financial firms,

The European Banking Authority (EBA) published in June 2019 an : Opinion on the elements of strong customer authentication (SCA) under the revised : Payment Services Directive (PSD2) . The Opinion provides non-exhaustive lists of the authentication e...