Regulatory Compliance Journal

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

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

The future of banking is changing and Open Banking is an emerging trend that will evolve the banking world and lead the ...

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

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

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

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

Despite the consistent efforts adopted by banks to fight money laundering and financial crime, fines for AML breaches ha...

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

The exponential growth of technology is leading to the disruption of numerous sectors including telecommunications, robo...

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

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

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

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

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

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

Is the UBO Register useful during KYC processes?It was a tedious job to complete the UBO Register for companies. There w...

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

19 articles matching financial institutions 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 ...

Hakim Amri - Pideeco Member
Hakim Amri Trainee
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Andre Figueira De Carvalho - Pideeco Member
Andre Figueira De Carvalho Junior Consultant
Ana Pinto - Pideeco Member
Ana Pinto Trainee

More work

The Banking Industry & Regulatory Compliance Requirements

Financial operations, Financial Institutions, Compliance, Financial firms, Top-down, Insurance, Belgium,

Compliance risk is one of the biggest concerns of the banking industry. Failing to comply can have an impact on the reputation of the brand and create a decrease in its customer population. Lack of due diligence in transactions and clients monitoring...

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...

How and why to embed AML Lookbacks within financial firms?

Money Laundering, AML, Audit, Audit Findings, Financial operations, Due Diligence, Financial firms,

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of their AML/CTF program, dissecting the nuts and bolts of their procedures and controls. But the current set-up isn’t what they are s...