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EWRA - What is Business overall risk exposure assessment?

The understanding and management of the risk by financial institutions, banks, a...

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Facebook & Libra, the sensational entry in the financial world

By targeting the approximate 1.7 billion people around the world who do not have...

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The Banking Industry & Regulatory Compliance Requirements

Compliance risk is one of the biggest concerns of the banking industry. Failing ...

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Financial institutions against money laundering | AML

In recent years, the banking sector in the European Union has been shaken by dif...

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GDPR Privacy Update: Fines, penalties and recent sanctions

It did not take long after the entry into force of GDPR on 25th May 2018 for man...

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The UBO Register in practice | Belgium

Is the UBO Register useful during KYC processes?It was a tedious job to complete...

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Psd2, Brexit & the rise of payment services market in Belgium

On 6th of August 2019, the National Bank of Belgium ("NBB") published a ...

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Which Financial Abuses are associated with Prepaid Cards ?

Lately the 5th Anti-Money Laundering EU Directive (AMLD5) retained a particular ...

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Apply a Top-down approach for Regulatory Compliance Ops

A top-down approach highlights the behaviour of regulatory changes in the financ...

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VAT carousel, fiction or truth for financial institutions ?

VAT Carousels - The look back in the transactions For several years there have b...

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AML - KYC : Impacts of the 4th AML Directive (AMLD4)

What will be the impacts of implementation of the fourth AML EU directive (2015/...

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AML - Transaction Monitoring & Detection Scenarios

Efficiently fine-tuning AML Transaction Monitoring can help financial firm compl...

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How important are audit trails for your company?

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destination of a collection of records that represent a sequence of succe...

AML - Transaction Monitoring & Detection Scenarios

Efficiently fine-tuning AML Transaction Monitoring can help financial firm compliance teams to gain in productivity while carefully avoiding pointless investigations by reducing the amo...

The UBO Register in practice | Belgium

Is the UBO Register useful during KYC processes?It was a tedious job to complete the UBO Register for companies. There were a number of start-up problems that made it difficult to trans...

Look up company VAT number in Europe

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 comp...

VAT carousel, fiction or truth for financial institutions ?

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 b...

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AML - Transaction Monitoring & Detection Scenarios

Efficiently fine-tuning AML Transaction Monitoring can help financial firm compliance teams to gain in productivity while carefully avoiding pointless investigations by reducing the amount of false-positive alerts. The revision of AML detection scenarios is not a straightforward process and could...

Inside Content

Overview and Summary of the 5th AML Directive - AMLD5

In the past few years, many scandals related to money laundering have been recorded. For instance, the Panama papers have shown how the rich and powerful use tax havens to hide their wealth. Big companies such as UBS and ABN AMRO are suspected to not comply with AML Directive by ignoring signals of ...

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Oscar Canario da Cunha -  Pideeco Network Partner
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