Regulatory Compliance Journal

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

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

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

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

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

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...

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

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

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

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

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

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

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

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

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

17 articles matching know your customer tag

GDPR: inspiring data protection worldwide

Since its inception, the EU’s General Data Protection Regulation (GDPR) has been deemed by experts as the world’s strongest collection of data protection rules. As our online presence increases through social media, digital banking, and other means, nations around the globe have come to re...

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 ...

Luisa Nadege Cafi - Pideeco Member
Luisa Nadege Cafi Junior Consultant
Yanis Triaa - Pideeco Member
Yanis Triaa Trainee
Christian Teixeira Martins - Pideeco Member
Christian Teixeira Martins Junior Consultant
Reeva Manalili - Pideeco Member
Reeva Manalili Trainee

More work

Facebook & Diem: the sensational entry in the financial world

Cryptocurrencies, Blockchain, Facebook, Financial firms, FinTech, RegTech, Money Laundering, Digital, Anti Money Laundering, Transparency, Financial operations,

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the American firm Facebook aspires to rely on its 2.4 billion users to reach the forgotten and the destitute people of the convention...

Overview and Summary of the 5th AML Directive - AMLD5

AML, Compliance, KYC, Financial firms, Money Laundering, European Commission, 5AMLD, EU, Know your Customer, Politically Exposed Persons,

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama Papers have shown how the rich and powerful use tax havens to hide their wealth. Big companies such as UBS and ABN AMRO are suspected of not...

AML EWRA - How to conduct Anti-Money Laundering overall risk assessment?

Risk, Due Diligence, AML, Risk Management, Risk Based Approach, Audit, Financial firms, KYC, Compliance, 5AMLD, Audit Findings, FSMA, EU, EWRA,

The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and Belgian perspective for all credit institutions, stockbroking firms, licensed insurance companies and banking industries submitte...