Regulatory Compliance Journal

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

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

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

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

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

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

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

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 ...

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

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

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

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

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

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

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

16 articles matching know your customer tag

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...

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, ...

Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Christian Teixeira Martins - Pideeco Member
Christian Teixeira Martins Junior Consultant
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

How to book a good consultant for your projects?

Governance, Compliance, Procurement, Know your Customer, Financial Institutions, Compliance expert, FinTech, Audit Findings, Consultant, AML, Financial firms,

From an extra pair of hands to the person that advises on strategical decisions and the future of your company. Working as a consultant at another company starts with an understanding of the business model and the company culture. This requires the ...

Which Financial Abuses are associated with Prepaid Cards ?

Money Laundering, NPPS, Financial firms, KYC, AML, Prepaid Cards, Know your Customer, Terrorism Financing, Financial Institutions, Anti Money Laundering, Red Flags,

Lately the 5th Anti-Money Laundering EU Directive (AMLD5) retained a particular interest on innovative instruments of payment, among which Prepaid Cards and digital currencies. In 2013 the Financial Action Task Force (FATF) had raised a non-binding...

How and why to embed AML Lookbacks within financial firms?

Money Laundering, AML, Audit, Audit Findings, Financial operations, Due Diligence, Financial firms,

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of their AML/CTF program, dissecting the nuts and bolts of their procedures and controls. But the current set-up isn’t what they are s...