Regulatory Compliance Journal

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

Considered a strong deterrent against financial crime, AML fines seem to be little more than symbolic slaps on the wrist...

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

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

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in ac...

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...

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

With the never-ending stream of regulations and obligations imposed on financial institutions, it is no wonder that depa...

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

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popu...

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

The silent payments revolution is finally upon us. With the first compliance date of Regulation 2024/886 set for January...

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

In the world of finance, gatekeepers such as accountants, and lawyers are meant to safeguard against financial crime. Ye...

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

In 2017, the European Council emphasized the need to address artificial intelligence (AI) trends while maintaining high ...

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges...

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

From global payments to local efficiency, virtual IBANs are redefining how businesses handle their money. But as with an...

20 articles matching financial institutions tag

DORA: practical guide for small businesses

Compliance with the Digital Operational Resilience Act (DORA) represents a real challenge for small businesses in the financial sector. Unlike large institutions with dedicated cybersecurity and risk management departments, SMEs often lack specialized resources. They may not even have formal go...

How to detect serious fiscal fraud?

Serious fiscal fraud is not just a legal risk, it’s a direct threat to an organization’s reputation. The stakes are rising as European and national authorities ramp up enforcement under evolving frameworks like the Directive on Administrative Cooperation (DAC), the Anti-Money Laundering Dir...

How will CSDDD impact companies in the EU?

The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) draws a clear legal line between profit and harm. By embedding environmental and human rights due diligence into the core of corporate strategy, the directive redefines what it means to do business responsibly. But what will th...

How to approach de-risking for AML compliance?

Cutting ties to minimize risk might sound smart, but what happens when de-risking goes too far? In 2015, Dr. Iraj Hashi, a U.K.-based economics professor, had his bank accounts abruptly closed after 40 years of banking without any explanation. The most likely reason? His Iranian origin. De-ri...

How can AML professionals detect smurfing?

Small, frequent transactions may seem harmless, but in the world of AML (Anti-Money Laundering), they are a major tool for money laundering. It is therefore essential that financial institutions deploy monitoring systems capable of detecting these suspicious schemes before the funds are integra...

Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Drini Vula - Pideeco Member
Drini Vula Senior Consultant
Kenza Kibour - Pideeco Member
Kenza Kibour Traineeship
Andre Figueira De Carvalho - Pideeco Member
Andre Figueira De Carvalho Senior Consultant

More work

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...

Overview and Summary of the 5th AML Directive - AMLD5

AML, Compliance, KYC, Financial firms, Money Laundering, European Commission, 5AMLD, EU, Know your Customer, Politically Exposed Persons,

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama Papers have shown how the rich and powerful use tax havens to hide their wealth. Big companies such as UBS and ABN AMRO are suspected of not...

Decoding DORA: Navigating Operational Resilience in Financial Services

DORA, Financial Institutions, MiFID2, Reporting, Risk Management, Compliance, Europe, Risk Based Approach, Operational Resilience, Financial operations,

In 2020, the EU introduced a new regulatory framework that would be centered on measures to increase the digitalization of the financial sector. It later would be called the Digital Operational Resilience Act (DORA), and is a part of the Digital Fina...