Regulatory Compliance Journal

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

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

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

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 future of banking is changing and Open Banking is an emerging trend that will evolve the banking world and lead the ...

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

The coronavirus pandemic has reinforced the hunger to urge world leaders to take consistent action to fight climate chan...

On 24 September 2019 the European Court of Justice (ECJ) released a preliminary decision according to which Google is no...

The European Banking Authority (EBA) published in June 2019 an : Opinion on the elements of strong customer authenticati...

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

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

A Proposal for a Directive which will amend, the Directive 2009/65/EC (UCITS IV Directive) and the Directive 2011/61/EU...

In recent years, the banking sector in the European Union has been shaken by different scandals related to money launder...

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

Since its inception, the EU’s General Data Protection Regulation (GDPR) has been deemed by experts as the world’s st...

On the 6th of August 2019, the National Bank of Belgium ("NBB") published a press release announcing that in 20...

Is the UBO Register useful during KYC processes?It was a tedious job to complete the UBO Register for companies. There w...

What is DLU and how has it evolved through the years?DLU stands for "Déclaration Libératoire Unique", which is...

17 articles matching eu 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...

Sofiane Beldjoudi - Pideeco Member
Sofiane Beldjoudi Traineeship
Hakim Amri - Pideeco Member
Hakim Amri Traineeship
Christian Teixeira Martins - Pideeco Member
Christian Teixeira Martins Junior Consultant
Azahaf Sohaib - Pideeco Member
Azahaf Sohaib Traineeship

More work

Regulatory Compliance for Insurance and Reinsurance Firms

Reinsurance, Solvency II, PRIIPS, KID, Risk, Financial solvency, Transparency, Reporting, Governance, Ethics, Privacy, FSMA, NBB, Belgium, MiFID2, Insurance,

Insurance/reinsurance companies play an important role for the European economy. Many European countries, among them Belgium, are listed in the top 20 OECD countries with the highest gross insurance premiums, with Belgian premiums reaching around 30...

Why do most AML programs fail?

Corruption, AML, Financial Institutions, Compliance, Know your Customer, Risk, Anti Money Laundering, KYC, Tone at the Top, Financial operations, Transaction Monitoring, Ethics, Compliance expert,

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) worldwi...

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...