Regulatory Compliance Journal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

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...

20 articles matching financial institutions tag

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...

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...

Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Senior Consultant
Omar Morabet Chergui - Pideeco Member
Omar Morabet Chergui Traineeship
Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Managing Director

More work

How to remotely identify clients and become PSD2 compliant?

PSD2, Europe, Digital, Financial Institutions, Financial operations, EU, Compliance, Financial firms,

The European Banking Authority (EBA) published in June 2019 an : Opinion on the elements of strong customer authentication (SCA) under the revised : Payment Services Directive (PSD2) . The Opinion provides non-exhaustive lists of the authentication e...

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...

Intro to DLU4: Foreign accounts and Fiscal Regularisation

Reporting, Tax Havens, Belgium, Consultant, Ethics, EU, Compliance expert,

What is DLU and how has it evolved through the years?DLU stands for "Déclaration Libératoire Unique", which is a Single Discharge Declaration. By introducing the DLU concept, the scope of the Belgian tax authority was to give a chance, to people w...