Regulatory Compliance Journal

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

The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and ...

Insurance/reinsurance companies play an important role for the European economy. Many European countries, among them Be...

3 articles matching fsma 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
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Senior Consultant
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

What are financial crime threats in the metaverse?

Anti Money Laundering, Compliance, Data breach, Digital, Due Diligence, FATF, Know your Customer, KYC, Money Laundering, Personal Data,

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to create its own metaverse project. But the tech giant is just a drop in a larger ocean. It is estimated that over 160 companies, inc...

How is money laundered through football?

AML, Corruption, Money Laundering, Anti Money Laundering, Ethics, Know your Customer, Due Diligence, Compliance, 5AMLD, Red Flags,

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 market...

VAT carousel: fiction or truth for financial institutions ?

VAT, Caroussel, Europe, Know your Customer, KYC, European Commission, VIES, BTW, TVA,

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels that are exposed after the facts and where banks then do a look back in the transactions on their systems to determine whether som...