Regulatory Compliance Journal

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

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

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

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

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

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

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

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

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...

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

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

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

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

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

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

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

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

19 articles matching kyc tag

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 ...

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...

Cesario Pinto - Pideeco Member
Cesario Pinto Trainee
Damian Vildosola Truche - Pideeco Member
Damian Vildosola Truche Senior Consultant
Christian Teixeira Martins - Pideeco Member
Christian Teixeira Martins Junior Consultant
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Computer Scientist Consultant

More work

Environmental Crimes & Money Laundering

Environmental, Money Laundering, 6AMLD, EU, Whistleblowing, Green Crime, Red Flags, AML,

The coronavirus pandemic has reinforced the hunger to urge world leaders to take consistent action to fight climate change. The yearning for a profound change and not a “back to normal” has been seen in the past months with the open letter signe...

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 ...

The KYC Guide for Russian Professional Counterparties

Compliance, Financial firms, KYC, AML, Risk Based Approach, Russia, Financial Institutions, Financial operations, Europe,

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the economy requires some specific attention points regarding client due diligence (the risk exposure assessment process of clients to mon...