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 ...

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

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

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

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 ...

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

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

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

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

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

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

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

17 articles matching eu tag

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...

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 ...

Christian Teixeira Martins - Pideeco Member
Christian Teixeira Martins Junior Consultant
Cesario Pinto - Pideeco Member
Cesario Pinto Trainee
Luisa Nadege Cafi - Pideeco Member
Luisa Nadege Cafi Junior Consultant
Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant

More work

What are Hawala transactions and how do they work?

European Commission, Hawala, Money Laundering, AML, Know your Customer, Due Diligence, Transaction Monitoring, Financial operations, Red Flags, KYC,

In February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based on the Europol press release, the cooperation between French and Italian police led to the arrest of 19 suspects. Algerian author...

Dawn of disruption: predicting AML in the next decade

AML, Compliance, Darkweb, Data breach, Due Diligence, Digital, Data Security, Financial Institutions, Know your Customer, Money Laundering, RegTech, FinTech, Risk,

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 unpr...

Facebook & Diem: the sensational entry in the financial world

Cryptocurrencies, Blockchain, Facebook, Financial firms, FinTech, RegTech, Money Laundering, Digital, Anti Money Laundering, Transparency, Financial operations,

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the American firm Facebook aspires to rely on its 2.4 billion users to reach the forgotten and the destitute people of the convention...