Regulatory Compliance Journal

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

MiFID (Markets in Financial Instruments Directive) was put into force in November 2007 and was created with the objectiv...

From an extra pair of hands to the person that advises on strategical decisions and the future of your company. Working...

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

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

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

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

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...

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

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

🎬 Introduction to RegTech and Regulatory ComplianceThe worldwide economic repercussions of the 2008 financial crisis ...

The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and ...

MiFID (Markets in Financial Instruments Directive) was put into force in November 2007 and was created with the objectiv...

Lately the 5th Anti-Money Laundering EU Directive (AMLD5) retained a particular interest on innovative instruments of pa...

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the...

Compliance risk is one of the biggest concerns of the banking industry. Failing to comply can have an impact on the repu...

The understanding and management of risk by financial institutions, banks, and entities, has improved over the years. To...

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destinat...

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of thei...

On the 6th of August 2019, the National Bank of Belgium ("NBB") published a press release announcing that in 20...

20 articles matching financial firms tag

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 ...

AML: What is adverse media or negative news?

The digital era has given KYC analysts unprecedented access to a plethora of information on individuals and companies. Newspaper articles, online blogs, and social media are accessible and filterable with one click and may reveal important news on a financial institution’s customer. However, ...

Financing terrorism: The billion-dollar blood antiquities art dealing

The destruction of the ancient city of Palmyra and the beheading of its Antiquities Chief, Khaled al-Asaad, in 2015 by the hands of the Islamic State of Iraq & Syria (ISIS) are still fresh in the minds of many. Beginning in 2014, the terrorist group has wrecked havoc across the Middle East and...

Environmental Crimes & Money Laundering

The coronavirus pandemic has reinforced the hunger to urge world leaders to take consistent action to fight climate change. The yearning for a profound change and not a “back to normal” has been seen in the past months with the open letter signed by 200 scientists and celebrities published...

Hakim Amri - Pideeco Member
Hakim Amri Trainee
Piet De Vreese - Pideeco Member
Piet De Vreese Managing Director
Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Associate Director
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Junior Computer Scientist Consultant

More work

KYC Business: tax havens, embargoes & sanctioned countries

Financial Sanctions, OECD, Financial firms, KYC, Compliance, Tax Havens, Red Flags, AML, Risk Based Approach, EU, Corruption, Know your Customer,

Each year we are entitled to different lists about tax havens issued by governments or international organisations, but what is the difference between these lists? In March 2019, the European Union updated its list of non-cooperative tax jurisdi...

Look up company VAT number in Europe

VAT, TVA, VIES, Anti Money Laundering, AML, Europe, BTW, KYC, Know your Customer,

How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VAT number of a counterparty or customer? Whether you are a company that has to check whether your counterparty is subject to VAT...

The KYC Guide for Russian Professional Counterparties

Compliance, Financial firms, KYC, AML, Risk Based Approach, Russia, Financial Institutions, Financial operations, Europe,

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the economy requires some specific attention points regarding client due diligence (the risk exposure assessment process of clients to mon...