Regulatory Compliance Journal

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

In February 2019, another criminal group was arrested in Europe for laundering money through hawala transactions. Based ...

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the...

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...

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of thei...

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

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. Th...

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

8 articles matching financial operations tag

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 ...

How is artificial intelligence a challenge to GDPR?

In today's data-driven world, the rapid advancement of artificial intelligence (AI) is revolutionizing industries and empowering businesses to unlock unprecedented opportunities. But this changing landscape has given rise to privacy and security issues that demand a hard look at the way AI h...

How do human traffickers launder money?

Every year, the freedom of millions of innocent lives are stolen while an illicit river of money continues to flow, concealed by sophisticated laundering strategies. These intertwined underworlds not only rob human dignity but pose a formidable challenge to law enforcement agencies worldwide. V...

How are shell companies used for money laundering?

In 2016, Panama Papers exposed a vast database of 214.000 offshore shell companies used by a variety of individuals and companies for tax evasion, money laundering, and corruption. The scandal sent shockwaves across the world, revealing the detrimental consequences of such entities for the glob...

How is money laundered through football?

In May 2015, the biggest scandal in football history (known as “FIFA Gate”) led to seven FIFA executives being arrested in Zurich. The accusations focused on the use of bribery, fraud, and money laundering to rig the $150 million media and marketing rights auction for FIFA games in the Amer...

Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant
Thomas Turcksin - Pideeco Member
Thomas Turcksin Junior Consultant
Aurelie Vandenbulcke - Pideeco Member
Aurelie Vandenbulcke Junior Consultant
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Senior Consultant

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...

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...

AML - KYC : Impacts of the 4th AML Directive (AMLD4)

Compliance, Financial firms, KYC, AML, Financial Sanctions, Politically Exposed Persons, Europe, EU, European Commission, Anti Money Laundering,

What will be the impacts of implementation of the Fourth AML EU Directive (2015/849) ?Since 1991, the European Union has regularly implemented new anti-money laundering directives. On the 20th of May 2015, the European Parliament and the Council issu...