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...

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

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

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

Corporate governance standards are a framework within which operational and behavioural standards for the board, the exe...

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

It did not take long after the entry into force of GDPR on 25th May 2018 for many companies to revise their positions an...

Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivit...

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

In today’s financial challenging environment, institutions are exposed to numerous economic abuses making it necessary...

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

Each year we are entitled to different lists about tax havens issued by governments or international organisations, but ...

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

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

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

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

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

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

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 ...

20 articles matching financial firms tag

What is the impact of the EU whistleblowing legislation?

Whistleblowing became a subject of concern when major consequences produced by Swiss Leaks and Lux Leaks made the case for a change in the European framework. In both cases, the whistleblowers worked for private companies prior to leaking information. If their situation was to repeat now, would...

Why are PEPs under increased scrutiny?

Politically exposed persons (PEPs) are individuals who have been entrusted with prominent public functions, such as government officials, politicians, or high-ranking members of the military. PEPs may also include their family members and close associates. The term "PEP" is often used i...

The hidden costs of golden visas

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popularity, corruption and AML risks have also seeped into its core. Many argue that citizenship is a public good, not a commodity for the open market. In recent years, the EU an...

What are financial crime threats in the metaverse?

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to create its own metaverse project. But the tech giant is just a drop in a larger ocean. It is estimated that over 160 companies, including Apple and Google, are also plunging in...

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...

Chelsea Omankoy - Pideeco Member
Chelsea Omankoy Traineeship
Andre Figueira De Carvalho - Pideeco Member
Andre Figueira De Carvalho Junior Consultant
Hans Torres - Pideeco Member
Hans Torres Traineeship
Drini Vula - Pideeco Member
Drini Vula Senior Consultant

More work

VAT carousel: fiction or truth for financial institutions ?

VAT, Caroussel, Europe, Know your Customer, KYC, European Commission, VIES, BTW, TVA,

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels that are exposed after the facts and where banks then do a look back in the transactions on their systems to determine whether som...

How is BMR changing the landscape of benchmarks?

Compliance, European Commission, Europe, BMR, Benchmark Regulation, Euribor, , Eonia,

The recent creation of Benchmark Regulation has been the catalyst for a major transition from the old regime of benchmarks towards new and alternative reference rates set to transform the world of finance. In the past years, a global benchmark refor...

Why are PEPs under increased scrutiny?

EU, AML, 5AMLD, 6AMLD, KYC, GAFI, Compliance, Compliance expert, Consultant, Conduct Risk, Due Diligence, Financial Institutions,

Politically exposed persons (PEPs) are individuals who have been entrusted with prominent public functions, such as government officials, politicians, or high-ranking members of the military. PEPs may also include their family members and close assoc...