Regulatory Compliance Journal

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

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...

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

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the...

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

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

Drug trade and illegal markets on the dark web have grown exponentially. Criminals are finding new and original ways to ...

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of thei...

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

In recent years, the banking sector in the European Union has been shaken by different scandals related to money launder...

On November 12, 2018, the European Parliament issued new rules to strengthen the fight against money laundering through ...

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

On March 12 2019, the European Parliament and European Union Member States made a provisional agreement on how to protec...

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

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

For one week, from the 13th to the 18th October, representatives of 205 countries and jurisdictions, the IMF, UN, World ...

The coronavirus pandemic has reinforced the hunger to urge world leaders to take consistent action to fight climate chan...

19 articles matching money laundering tag

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 ...

AML: What is adverse media or negative news?

The digital era has given KYC analysts unprecedented access to a plethora of information on individuals and companies. Newspaper articles, online blogs, and social media are accessible and filterable with one click and may reveal important news on a financial institution’s customer. However, ...

Financing terrorism: The billion-dollar blood antiquities art dealing

The destruction of the ancient city of Palmyra and the beheading of its Antiquities Chief, Khaled al-Asaad, in 2015 by the hands of the Islamic State of Iraq & Syria (ISIS) are still fresh in the minds of many. Beginning in 2014, the terrorist group has wrecked havoc across the Middle East and...

Hakim Amri - Pideeco Member
Hakim Amri Trainee
Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Computer Scientist Consultant
Ana Pinto - Pideeco Member
Ana Pinto Trainee

More work

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...

How and why to embed AML Lookbacks within financial firms?

Money Laundering, AML, Audit, Audit Findings, Financial operations, Due Diligence, Financial firms,

In recent years, regulators have begun to scrutinize more closely financial institutions regarding the soundness of their AML/CTF program, dissecting the nuts and bolts of their procedures and controls. But the current set-up isn’t what they are s...

VAT carousel: fiction or truth for financial institutions ?

VAT, Caroussel, Europe, Know your Customer, KYC, European Commission, VIES, BTW, TVA,

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels that are exposed after the facts and where banks then do a look back in the transactions on their systems to determine whether som...