Regulatory Compliance Journal

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

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

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

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

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

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...

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

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

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

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

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...

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

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...

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

16 articles matching eu 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...

Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant
Hakim Amri - Pideeco Member
Hakim Amri Trainee
Elise Loncol - Pideeco Member
Elise Loncol Trainee

More work

How is BMR changing the landscape of benchmarks?

Compliance, European Commission, Europe, BMR, Benchmark Regulation, Euribor, , Eonia,

The recent creation of Benchmark Regulation has been the catalyst for a major transition from the old regime of benchmarks towards new and alternative reference rates set to transform the world of finance. In the past years, a global benchmark refor...

6th AML Directive (AMLD6) : The European Harmonization

AML, Financial Sanctions, European Commission, Financial firms, 6AMLD, Compliance, Money Laundering, Europe, EU, Environmental, Anti Money Laundering, Green Crime,

On November 12, 2018, the European Parliament issued new rules to strengthen the fight against money laundering through the 6th EU Money Laundering Directive (2018/1673). Member States have until 3 December 2020 to transpose the Sixth AML Directive a...

EWRA - What is Business overall risk exposure assessment?

EWRA, Compliance, Financial firms, ERM, RBA, Reporting, Top-down, Anti Money Laundering, Audit, Risk, Risk Based Approach, Compliance expert, AML,

The understanding and management of risk by financial institutions, banks, and entities, has improved over the years. Today, stakeholders are more involved, and they demand greater transparency regarding the risks of a company and how the company rea...