Regulatory Compliance Journal

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

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

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

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

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels ...

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

The recent creation of Benchmark Regulation has been the catalyst for a major transition from the old regime of benchmar...

How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VA...

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

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. Th...

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the econ...

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

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

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

15 articles matching europe 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...

Daniel Nguyen - Pideeco Member
Daniel Nguyen Traineeship
Christian Teixeira Martins - Pideeco Member
Christian Teixeira Martins Junior Consultant
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Senior Consultant
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant

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...

AML Transaction Monitoring & Detection Scenarios

AML, Transaction Monitoring, Due Diligence, Risk Management, KYC, Financial firms, Anti Money Laundering, Detection Scenarios, RegTech, Risk Based Approach, Compliance expert, Red Flags,

Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivity while carefully avoiding pointless investigations by reducing the amount of false-positive alerts. The revision of AML detect...

RBA - Risk Based Approach: strengths and weaknesses

RBA, Risk Based Approach, Risk, Financial firms, AML, Conduct Risk, Risk Management, GAFI, Financial Institutions, Due Diligence, EWRA, Anti Money Laundering, Compliance, Terrorism Financing,

In today’s financial challenging environment, institutions are exposed to numerous economic abuses making it necessary to activate preventive measures to decrease the risks. Among these, money laundering (ML), terrorist financing (TF), corruption, ...