Regulatory Compliance Journal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

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

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

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

20 articles matching financial firms tag

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 ...

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...

Hakim Amri - Pideeco Member
Hakim Amri Trainee
Ana Pinto - Pideeco Member
Ana Pinto Trainee
Mary Aspiras - Pideeco Member
Mary Aspiras Trainee
Redan El Madani - Pideeco Member
Redan El Madani Trainee

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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 important are audit trails for your company?

Financial firms, Audit, Ethics, Governance, Conduct Risk, RegTech, Transparency, Financial Institutions, AML, MiFID2, KYC,

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destination of a collection of records that represent a sequence of successive activities or events within an operational environment, a p...

Environmental Crimes & Money Laundering

Environmental, Money Laundering, 6AMLD, EU, Whistleblowing, Green Crime, Red Flags, AML,

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 signe...