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...

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

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

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

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

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

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

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

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

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...

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

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

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

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

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

16 articles matching financial institutions tag

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...

Environmental Crimes & Money Laundering

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 signed by 200 scientists and celebrities published...

Redan El Madani - Pideeco Member
Redan El Madani Trainee
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Junior Computer Scientist Consultant
Cesario Pinto - Pideeco Member
Cesario Pinto Trainee

More work

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...

What are Hawala transactions and how do they work?

European Commission, Hawala, Money Laundering, AML, Know your Customer, Due Diligence, Transaction Monitoring, Financial operations, Red Flags, KYC,

In February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based on the Europol press release, the cooperation between French and Italian police led to the arrest of 19 suspects. Algerian author...

Look up company VAT number in Europe

VAT, TVA, VIES, Anti Money Laundering, AML, Europe, BTW, KYC, Know your Customer,

How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VAT number of a counterparty or customer? Whether you are a company that has to check whether your counterparty is subject to VAT...