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...

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

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

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

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

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

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

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

8 articles matching red flags 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 ...

Ana Pinto - Pideeco Member
Ana Pinto Trainee
Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Associate Director
Luisa Nadege Cafi - Pideeco Member
Luisa Nadege Cafi Junior Consultant
Andre Figueira De Carvalho - Pideeco Member
Andre Figueira De Carvalho Junior Consultant

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...

Intro to DLU4: Foreign accounts and Fiscal Regularisation

Reporting, Tax Havens, Belgium, Consultant, Ethics, EU, Compliance expert,

What is DLU and how has it evolved through the years?DLU stands for "Déclaration Libératoire Unique", which is a Single Discharge Declaration. By introducing the DLU concept, the scope of the Belgian tax authority was to give a chance, to people w...

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...