Regulatory Compliance Journal

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

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

On March 12 2019, the European Parliament and European Union Member States made a provisional agreement on how to protec...

In the past decade, a series of leaks from insider sources have shed light on the complex systems of money laundering, t...

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

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

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

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

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 February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based...

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

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

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

12 articles matching european commission 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 ...

Yanis Triaa - Pideeco Member
Yanis Triaa Trainee
Piet De Vreese - Pideeco Member
Piet De Vreese Managing Director
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Redan El Madani - Pideeco Member
Redan El Madani Trainee

More work

GDPR Privacy Update: Fines, penalties and recent sanctions

GDPR, Data Security, Data breach, Financial Sanctions, Compliance, Financial firms, Privacy, Personal Data, European Commission, EU,

It did not take long after the entry into force of GDPR on 25th May 2018 for many companies to revise their positions and business priorities following their initial scepticism towards the penalties that were to be imposed by the new regulation. The...

AML - KYC : Impacts of the 4th AML Directive (AMLD4)

Compliance, Financial firms, KYC, AML, Financial Sanctions, Politically Exposed Persons, Europe, EU, European Commission, Anti Money Laundering,

What will be the impacts of implementation of the Fourth AML EU Directive (2015/849) ?Since 1991, the European Union has regularly implemented new anti-money laundering directives. On the 20th of May 2015, the European Parliament and the Council issu...

How do criminals launder their money using the Dark Web?

Blockchain, Money Laundering, Freedom of information, Whistleblowing, Cryptocurrencies, Anti Money Laundering, AML, Prepaid Cards,

Drug trade and illegal markets on the dark web have grown exponentially. Criminals are finding new and original ways to launder money generated from their illicit activities. The dark web is an encrypted part of the internet that hosts online conten...