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 ...

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

How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VA...

Each year we are entitled to different lists about tax havens issued by governments or international organisations, but ...

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

In the past decade, a series of leaks from insider sources have shed light on the complex systems of money laundering, t...

The digital era has given KYC analysts unprecedented access to a plethora of information on individuals and companies. N...

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels ...

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

In the past decade, the video game industry has managed to dwarf the film, music, and television sectors. It’s estim...

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

While the world is on hold, financial crime has not taken a step back amidst the coronavirus emergency. Scammers, money...

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama Papers hav...

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

15 articles matching know your customer 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...

Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Junior Computer Scientist Consultant
Hakim Amri - Pideeco Member
Hakim Amri Trainee

More work

KYC Business: tax havens, embargoes & sanctioned countries

Financial Sanctions, OECD, Financial firms, KYC, Compliance, Tax Havens, Red Flags, AML, Risk Based Approach, EU, Corruption, Know your Customer,

Each year we are entitled to different lists about tax havens issued by governments or international organisations, but what is the difference between these lists? In March 2019, the European Union updated its list of non-cooperative tax jurisdi...

Financial institutions against money laundering | AML

AML, Money Laundering, EU, Financial Sanctions, European Commission, 5AMLD, Financial Institutions, Anti Money Laundering, Europe, 6AMLD,

In recent years, the banking sector in the European Union has been shaken by different scandals related to money laundering. On July 24th, 2019, the European Commission published reports including one on the assessment of recent alleged money launde...

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...