Regulatory Compliance Journal

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

Suspicious Activity Reports (SAR) drafted by financial institutions contain some of the most valuable information availa...

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

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

Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivit...

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

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

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the econ...

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

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

What will be the impacts of implementation of the Fourth AML EU Directive (2015/849) ?Since 1991, the European Union has...

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. Th...

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popu...

The Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has become a regulatory obligation from an EU and ...

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

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

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

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destinat...

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

20 articles matching kyc tag

The hidden costs of golden visas

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popularity, corruption and AML risks have also seeped into its core. Many argue that citizenship is a public good, not a commodity for the open market. In recent years, the EU an...

What are financial crime threats in the metaverse?

Facebook made a splash in October 2021 when it rebranded itself to Meta and announced an investment of $10 billion to create its own metaverse project. But the tech giant is just a drop in a larger ocean. It is estimated that over 160 companies, including Apple and Google, are also plunging in...

How is real estate used for money laundering?

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges had invested £1.5 billion in the UK property market, mostly through companies held in Britain’s overseas territories and crown dependencies. The findings exposed Great Br...

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 ...

Kenza Kibour - Pideeco Member
Kenza Kibour Traineeship
Andre Figueira De Carvalho - Pideeco Member
Andre Figueira De Carvalho Junior Consultant
Daniel Nguyen - Pideeco Member
Daniel Nguyen Traineeship
Thomas Turcksin - Pideeco Member
Thomas Turcksin Junior Consultant

More work

The hidden costs of golden visas

AML, KYC, Europe, Monitoring, Privacy, Reporting, Investment, 5AMLD, Russia, Transparency, Financial Sanctions, Due Diligence, Corruption, Financial Institutions,

Over the past years, the golden visa has seen a surge in participation in its programmes. But along with its rising popularity, corruption and AML risks have also seeped into its core. Many argue that citizenship is a public good, not a commodity for...

Look up company VAT number in Europe

VAT, TVA, VIES, Anti Money Laundering, AML, Europe, BTW, KYC, Know your Customer,

How to find the VAT number of a counterparty or customer ?How can you, as a company or obliged entity, search for the VAT number of a counterparty or customer? Whether you are a company that has to check whether your counterparty is subject to VAT...

What are Hawala transactions and how do they work?

European Commission, Hawala, Money Laundering, AML, Know your Customer, Due Diligence, Transaction Monitoring, Financial operations, Red Flags, KYC,

In February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based on the Europol press release, the cooperation between French and Italian police led to the arrest of 19 suspects. Algerian author...