Regulatory Compliance Journal

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

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

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

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...

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

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

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

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

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

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

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

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 ...

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

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

16 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 ...

Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant
Hakim Amri - Pideeco Member
Hakim Amri Trainee
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant

More work

How do criminals launder their money using video games?

Compliance, Know your Customer, Money Laundering, Anti Money Laundering, AML, Cryptocurrencies, Blockchain, Darkweb, Prepaid Cards,

In the past decade, the video game industry has managed to dwarf the film, music, and television sectors. It’s estimated that there are currently 2.5 billion active gamers across the globe who have roughly spent $152.1 billion on games in 2019 al...

Outcomes of the FATF October 2019 Plenary Week in Paris

FATF, GAFI, AML, FATF WEEK, Money Laundering, Corruption, Financial Sanctions, Red Flags, Risk Based Approach,

For one week, from the 13th to the 18th October, representatives of 205 countries and jurisdictions, the IMF, UN, World Bank and other organizations (OECD, OSCE, Europol, Egmont Group of Financial Intelligence Units, ...) met in Paris for the Financi...

Open Banking - PSD2: the future of financial services

FinTech, Financial Institutions, PSD2, NPPS, EU, Facebook, Europe,

The future of banking is changing and Open Banking is an emerging trend that will evolve the banking world and lead the sector to a digital era. Open Banking transition explainedAccording to the definition provided by "Open Banking Europe", the t...