Regulatory Compliance Journal

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

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

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

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 ...

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...

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

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

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

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...

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

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 ...

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

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

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

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

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

20 articles matching eu tag

What is the impact of the EU whistleblowing legislation?

Whistleblowing became a subject of concern when major consequences produced by Swiss Leaks and Lux Leaks made the case for a change in the European framework. In both cases, the whistleblowers worked for private companies prior to leaking information. If their situation was to repeat now, would...

Why are PEPs under increased scrutiny?

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 associates. The term "PEP" is often used i...

The hidden costs of golden visas

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popularity, corruption and AML risks have also seeped into its core. Many argue that citizenship is a public good, not a commodity for the open market. In recent years, the EU an...

What are financial crime threats in the metaverse?

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to create its own metaverse project. But the tech giant is just a drop in a larger ocean. It is estimated that over 160 companies, including Apple and Google, are also plunging in...

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...

Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Kanwal Parmjit - Pideeco Member
Kanwal Parmjit Traineeship
Ana Pinto - Pideeco Member
Ana Pinto Traineeship

More work

EU proposals: cross-border distribution of investment funds

UCITS, AIFs, Capital Markets Union, ESMA, European Commission, EU, MIFID, Investment Funds, MiFID2,

A Proposal for a Directive which will amend, the Directive 2009/65/EC (UCITS IV Directive) and the Directive 2011/61/EU (AIFMD), was adopted on 12 March 2018 by the European Commission. The aim of the new Directive will be to facilitate the cross-bo...

Psd2, Brexit & the rise of payment services market in Belgium

PSD2, Compliance expert, EU, KYC, Belgium, Financial Institutions, NBB, Financial firms, Know your Customer,

On the 6th of August 2019, the National Bank of Belgium ("NBB") published a press release announcing that in 2019, there was substantial growth of applications for the execution of payment activities in Belgium. A total of 34 companies are now licen...

How to write the perfect SAR?

Anti Money Laundering, AML, Audit Findings, Compliance, Due Diligence, Financial Sanctions, KYC, Money Laundering, Red Flags, Risk Based Approach, Reporting, Transaction Monitoring,

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 ...