Regulatory Compliance Journal

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

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...

Politically exposed persons (PEPs) are individuals who have been entrusted with prominent public functions, such as gove...

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

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

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

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

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popu...

In May 2015, the biggest scandal in football history (known as “FIFA Gate”) led to seven FIFA executives being arres...

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

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

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

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

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to c...

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

15 articles matching due diligence tag

How are shell companies used for money laundering?

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 detrimental consequences of such entities for the glob...

How is money laundered through football?

In May 2015, the biggest scandal in football history (known as “FIFA Gate”) led to seven FIFA executives being arrested in Zurich. The accusations focused on the use of bribery, fraud, and money laundering to rig the $150 million media and marketing rights auction for FIFA games in the Amer...

How are ESG-related assets used for greenwashing?

With the rise of environmentally and socially conscious consumers, companies are under more pressure than ever to prove their commitment to sustainability and ethical practices. In recent years, environmental, social, and corporate governance (ESG) has gone from being a buzzword to a trillion-d...

How is e-commerce used for money laundering?

With the convenience of online shopping and the ability to purchase goods and services from anywhere in the world, e-commerce has revolutionized the way we do business. The COVID-19 pandemic has only accelerated this trend, forcing many businesses to shift their operations online to stay afloat...

What are the EU's Anti-Money Laundering Directives?

Since 1991, the European Union has regularly updated and released new anti-money laundering directives to adapt to and be able to fight new money laundering and terrorist financing techniques (e.g.: MiCA to regulate crypto-currencies). Today, modern technology services are becoming increasingly...

Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Managing Director
Kanwal Parmjit - Pideeco Member
Kanwal Parmjit Traineeship
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Luisa Nadege Cafi - Pideeco Member
Luisa Nadege Cafi Junior Consultant

More work

Overview and Summary of the 5th AML Directive - AMLD5

AML, Compliance, KYC, Financial firms, Money Laundering, European Commission, 5AMLD, EU, Know your Customer, Politically Exposed Persons,

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama Papers have shown how the rich and powerful use tax havens to hide their wealth. Big companies such as UBS and ABN AMRO are suspected of not...

The UBO Register in practice | Belgium

UBO, UBO Register, AML, Financial Institutions, OECD, Europe, EU, Belgium,

Is the UBO Register useful during KYC processes?It was a tedious job to complete the UBO Register for companies. There were a number of start-up problems that made it difficult to transmit all the data on time. We were finally able to do so, but ...

Why are PEPs under increased scrutiny?

EU, AML, 5AMLD, 6AMLD, KYC, GAFI, Compliance, Compliance expert, Consultant, Conduct Risk, Due Diligence, Financial Institutions,

Politically exposed persons (PEPs) are individuals who have been entrusted with prominent public functions, such as government officials, politicians, or high-ranking members of the military. PEPs may also include their family members and close assoc...