Regulatory Compliance Journal
The European Banking Authority (EBA) published in June 2019 an : Opinion on the elements of strong customer authenticati...
- 5 min read
The Corporate sustainability reporting guideline (CSRD) is a new European regulation designed to enhance corporate tran...
- 6 min read
In recent years, the banking sector in the European Union has been shaken by different scandals related to money launder...
- 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
Whistleblowing became a subject of concern when major consequences produced by Swiss Leaks and Lux Leaks made the case f...
- 9 min read
Compliance with the Digital Operational Resilience Act (DORA) represents a real challenge for small businesses in the fi...
- 8 min read
In today's data-driven world, the rapid advancement of artificial intelligence (AI) is revolutionizing industries and...
- 10 min read
Financial sanctions and embargos have long been used by governments and international organizations as a means of applyi...
- 12 min read
VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels ...
- 4 min read
Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popu...
- 14 min read
How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the econ...
- 6 min read
Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. Th...
- 5 min read
The recent creation of Benchmark Regulation has been the catalyst for a major transition from the old regime of benchmar...
- 9 min read
How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VA...
- 1 min read
The European Union has launched its most ambitious anti-money laundering (AML) reform to date. The “AML Package 20...
- 9 min read
What will be the impacts of implementation of the Fourth AML EU Directive (2015/849) ?Since 1991, the European Union has...
- 2 min read
On November 12, 2018, the European Parliament issued new rules to strengthen the fight against money laundering through ...
- 3 min read
With the rise of environmentally and socially conscious consumers, companies are under more pressure than ever to prove ...
- 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
The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) draws a clear legal line between profit and har...
- 9 min read
20 articles matching europe 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 ...
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- 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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Virtual IBANs: a new weapon for cybercriminals?
Anti Money Laundering, Europe, AML, European Commission, Financial Institutions, Fraud, vIBAN, Cybersecurity,From global payments to local efficiency, virtual IBANs are redefining how businesses handle their money. But as with any financial innovation, they come with potential risks, including exposure to fraud, regulatory complexities, and cybersecurity vu...
How to approach de-risking for AML compliance?
Due Diligence, Financial Institutions, Financial firms, Know your Customer, KYC, Monitoring, Politically Exposed Persons, Reporting, Risk Based Approach, Risk Management,Cutting ties to minimize risk might sound smart, but what happens when de-risking goes too far? In 2015, Dr. Iraj Hashi, a U.K.-based economics professor, had his bank accounts abruptly closed after 40 years of banking without any explanation. The mo...
Decoding DORA: Navigating Operational Resilience in Financial Services
DORA, Financial Institutions, MiFID2, Reporting, Risk Management, Compliance, Europe, Risk Based Approach, Operational Resilience, Financial operations,In 2020, the EU introduced a new regulatory framework that would be centered on measures to increase the digitalization of the financial sector. It later would be called the Digital Operational Resilience Act (DORA), and is a part of the Digital Fina...