Regulatory Compliance Journal
In recent years, the banking sector in the European Union has been shaken by different scandals related to money launder...
- 5 min read
Since its inception, the EU’s General Data Protection Regulation (GDPR) has been deemed by experts as the worldâ...
- 10 min read
Europe has stepped up a gear in the fight against money laundering and the financing of terrorism, with the creation in ...
- 12 min read
Since 1991, the European Union has regularly updated and released new anti-money laundering directives to adapt to and b...
- 11 min read
The future of banking is changing and Open Banking is an emerging trend that will evolve the banking world and lead the ...
- 5 min read
When Microsoft unveiled the HoloLens 2 in early 2019, it was pitched as a cutting-edge tool for consumers and businesses...
- 9 min read
In today's data-driven world, the rapid advancement of artificial intelligence (AI) is revolutionizing industries and...
- 10 min read
What is DLU and how has it evolved through the years?DLU stands for "Déclaration Libératoire Unique", whic...
- 6 min read
On 24 September 2019 the European Court of Justice (ECJ) released a preliminary decision according to which Google is no...
- 4 min read
Conduct Risk has been the hot topic during the past few years and its scope falls outside the traditional domains of ris...
- 2 min read
In 2016, Panama Papers exposed a vast database of 214.000 offshore shell companies used by a variety of individuals and ...
- 11 min read
The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and ...
- 11 min read
Whistleblowing became a subject of concern when major consequences produced by Swiss Leaks and Lux Leaks made the case f...
- 9 min read
PSD3 is not just an update, but the evolution of trust in digital finance. Continuing the progress made by PSD2, the new...
- 9 min read
It did not take long after the entry into force of GDPR on 25th May 2018 for many companies to revise their positions an...
- 8 min read
Each year we are entitled to different lists about tax havens issued by governments or international organisations, but ...
- 9 min read
On the 6th of August 2019, the National Bank of Belgium ("NBB") published a press release announcing that in 20...
- 4 min read
The European Banking Authority (EBA) published in June 2019 an : Opinion on the elements of strong customer authenticati...
- 5 min read
In an era where artificial intelligence (AI) is transforming how financial institutions manage risk, detect fraud, monit...
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- 9 min read
20 articles matching eu tag
How to integrate AI into compliance without breaching GDPR & EU AI Act rules?
In an era where artificial intelligence (AI) is transforming how financial institutions manage risk, detect fraud, monitor compliance, and automate oversight, integrating AI into compliance programs offers significant potential. In practice, banks and insurers are already deploying AI in areas ...
- 9 min read
What should financial institutions prepare for under the European Payments Package: PSD3 & PSR?
The European Commission's European Payments Package, consisting of the third Payment Services Directive (PSD3) and the new Payment Services Regulation (PSR), represents the most significant overhaul of EU payments regulation since PSD2 in 2015. Together, the directive and the regulation aim ...
- 8 min read
How to build an effective anti-bribery & corruption program
Your financial institution doesn’t have to be Enron to face a corruption scandal, but a plan to embed integrity deep within your operations is essential. Corruption doesn’t start with bribes but with blind spots in your controls. How does one create an effective anti-bribery & cor...
- 8 min read
AML Package 2024–2026: What Financial Institutions Need to Know about AMLA, AMLR & TFR
The European Union has launched its most ambitious anti-money laundering (AML) reform to date. The “AML Package 2024–2026†introduces a new EU Anti-Money Laundering Authority (AMLA), a directly applicable Anti-Money Laundering Regulation (AMLR), and an updated Transfer of Fun...
- 9 min read
Why is cash prevalent in money laundering?
Despite the growing prevalence of digital payment systems and tighter financial regulations, cash remains an attractive tool for criminals. Its intractability, portability, and its difficulty to regulate offers a level of anonymity that digital transactions simply cannot match. While government...
- 12 min read
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How to set up a conflict of interest program
Conflict of interest, Compliance, Audit Findings, Corruption, Ethics, Financial firms, Red Flags,Imagine a situation in which the integrity of your organisation is corrupted by personal gain – how would you respond? In the field of business ethics, a strong conflict of interest program is the cornerstone that keeps an organization's re...
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...
How to reduce compliance burden?
Consultant, Compliance expert, Compliance culture, Compliance, Financial Institutions, Financial firms, Compliance burden,With the never-ending stream of regulations and obligations imposed on financial institutions, it is no wonder that departments across the industry struggle to comply and race against the clock to meet their deadlines. But is there a way to reduce th...