Regulatory Compliance Journal

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

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

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

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

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

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

Since 1991, the European Union has regularly updated and released new anti-money laundering directives to adapt to and b...

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

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

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

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

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

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

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

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

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

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

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

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

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

20 articles matching financial institutions tag

What can be done to improve the efficiency of AML fines?

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in achieving their goals. This inefficiency is manifest in the repeat offending of such banks, the heavy burden it places on them, and the lack of improvement in the AML system. A ...

How effective are AML fines?

Considered a strong deterrent against financial crime, AML fines seem to be little more than symbolic slaps on the wrist for financial institutions with vast pockets. With trillions of dollars being freely laundered every year and ambiguous structural changes required to effectively combat mone...

How are charities used for money laundering?

As funds flow into the hands of charities, an unsettling question arises: is your donation inadvertently fueling money laundering activities? While the noble intentions behind charitable giving inspires positive change, criminals have exploited the realm of benevolence, using it as a strategic ...

How can AML experts fight trade-base money laundering?

Beneath the seemingly ordinary surface of global commerce, criminals have created an underground world of complex schemes, where legitimate business transactions serve as a smokescreen for their illicit activities. How can anti-money laundering experts stop the flow of illegal funds into the wo...

European Data Protection Authorities Websites [Compiled list]

The protection of privacy has grown to be of utmost importance in a society where our every action is digitally recorded and where personal information is exchanged like an untraceable currency. European Data Protection Authorities (DPAs) have launched a privacy revolution and established the ...

Mariam Debaisieux - Pideeco Member
Mariam Debaisieux Traineeship
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Kenza Kibour - Pideeco Member
Kenza Kibour Traineeship
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant

More work

How do criminals launder their money using video games?

Compliance, Know your Customer, Money Laundering, Anti Money Laundering, AML, Cryptocurrencies, Blockchain, Darkweb, Prepaid Cards,

In the past decade, the video game industry has managed to dwarf the film, music, and television sectors. It’s estimated that there are currently 3 billion active gamers across the globe who have roughly spent $198,6 billion on games in 2022 alon...

What can be done to improve the efficiency of AML fines?

AML, Anti Money Laundering, Compliance, Due Diligence, Financial Institutions, Governance, Money Laundering,

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in achieving their goals. This inefficiency is manifest in the repeat offending of such banks, the heavy burden it places on them, and ...

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...