Regulatory Compliance Journal

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

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

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

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to c...

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges...

In May 2015, the biggest scandal in football history (known as “FIFA Gate”) led to seven FIFA executives being arres...

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...

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...

As funds flow into the hands of charities, an unsettling question arises: is your donation inadvertently fueling money l...

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 ...

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

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

Every year, the freedom of millions of innocent lives are stolen while an illicit river of money continues to flow, conc...

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

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

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, consulta...

20 articles matching know your customer tag

Decoding DORA: Navigating Operational Resilience in Financial Services

In 2020, the EU introduced a new regulatory framework that would be centered on measures to increase the digitalization of the financial sector. It later would be called the Digital Operational Resilience Act (DORA), and is a part of the Digital Finance Package (DFP), which aims to support inno...

How can criminology help us understand white collar crime?

Though rare in corporate or finance environments, criminology offers valuable insights. Despite "white-collar crime" often costing more than street crime, society tends to overlook it. Analyzing corporate misconduct through a crimilogical lens reveals the dynamics of deceit, power, and ...

Financial greenwashing: the dark links between green bonds and corruption.

Faced with the urgent challenge of climate change, green bonds are emerging as an innovative response to finance sustainable projects and encourage the transition to an environmentally friendly economy. However, the persistent threat of corruption undermines these well-intentioned initiatives, ...

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...

Ruben Constantino David - Pideeco Member
Ruben Constantino David Junior Consultant
Piet De Vreese - Pideeco Member
Piet De Vreese Managing Director
Maxime Martens  - Pideeco Member
Maxime Martens Traineeship
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

Financial greenwashing: the dark links between green bonds and corruption.

Financial operations, Green Crime, Transparency, Corruption, Green Bonds, European Taxonomy , CBS, GBP, EuGB,

Faced with the urgent challenge of climate change, green bonds are emerging as an innovative response to finance sustainable projects and encourage the transition to an environmentally friendly economy. However, the persistent threat of corruption un...

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...

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...