Regulatory Compliance Journal
From an extra pair of hands to the person that advises on strategical decisions and the future of your company, consulta...
- 4 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
Lately the 5th Anti-Money Laundering EU Directive (AMLD5) retained a particular interest on innovative instruments of pa...
- 6 min read
MiFID (Markets in Financial Instruments Directive) was put into force in November 2007 and was created with the objectiv...
- 3 min read
🎬 Introduction to RegTech and Regulatory ComplianceThe worldwide economic repercussions of the 2008 financial crisis ...
- 7 min read
In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of thei...
- 8 min read
On November 12, 2018, the European Parliament issued new rules to strengthen the fight against money laundering through ...
- 3 min read
Each year we are entitled to different lists about tax havens issued by governments or international organisations, but ...
- 9 min read
By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the...
- 6 min read
Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. Th...
- 5 min read
With the rise of environmentally and socially conscious consumers, companies are under more pressure than ever to prove ...
- 10 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...
- 7 min read
Compliance risk is one of the biggest concerns of the banking industry. Failing to comply can have an impact on the repu...
- 6 min read
An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destinat...
- 3 min read
Corporate governance standards are a framework within which operational and behavioural standards for the board, the exe...
- 3 min read
MiFID (Markets in Financial Instruments Directive) was put into force in November 2007 and was created with the objectiv...
- 3 min read
The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and ...
- 11 min read
In today’s financial challenging environment, institutions are exposed to numerous economic abuses making it necessary...
- 5 min read
The understanding and management of risk by financial institutions, banks, and entities, has improved over the years. To...
- 10 min read
Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivit...
- 19 min read
20 articles matching financial firms tag
European Data Protection Authorities Websites [Compiled list]
The protection of privacy has grown to be of utmost importance in a society where our every action is digitally recorded and where personal information is exchanged like an untraceable currency. European Data Protection Authorities (DPAs) have launched a privacy revolution and established the ...
- 5 min read
How is artificial intelligence a challenge to GDPR?
In today's data-driven world, the rapid advancement of artificial intelligence (AI) is revolutionizing industries and empowering businesses to unlock unprecedented opportunities. But this changing landscape has given rise to privacy and security issues that demand a hard look at the way AI h...
- 10 min read
How do human traffickers launder money?
Every year, the freedom of millions of innocent lives are stolen while an illicit river of money continues to flow, concealed by sophisticated laundering strategies. These intertwined underworlds not only rob human dignity but pose a formidable challenge to law enforcement agencies worldwide. V...
- 11 min read
How are shell companies used for money laundering?
In 2016, Panama Papers exposed a vast database of 214.000 offshore shell companies used by a variety of individuals and companies for tax evasion, money laundering, and corruption. The scandal sent shockwaves across the world, revealing the detrimental consequences of such entities for the glob...
- 11 min read
How is money laundered through football?
In May 2015, the biggest scandal in football history (known as “FIFA Gate”) led to seven FIFA executives being arrested in Zurich. The accusations focused on the use of bribery, fraud, and money laundering to rig the $150 million media and marketing rights auction for FIFA games in the Amer...
- 10 min read
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Inside RegTech - Regulatory Compliance Technology
Money Laundering, Know your Customer, RegTech, MIFID, Financial firms, Financial Institutions, Digital, FinTech,🎬 Introduction to RegTech and Regulatory ComplianceThe worldwide economic repercussions of the 2008 financial crisis led regulators to strengthen their regulations and controls against the financial market operators. Today, financial institutions ...
The rising cost of regulatory compliance for financial institutions
Compliance, Financial firms, Financial operations, Governance, Due Diligence, EWRA, KYC, AML, GDPR, Europe,Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. The stakeholders fear that the cost of compliance will cut the growth of businesses and will lead to very restrictive business envir...
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...