Regulatory Compliance Journal

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

Insurance/reinsurance companies play an important role for the European economy. Many European countries, among them Be...

The exponential growth of technology is leading to the disruption of numerous sectors including telecommunications, robo...

The popularity of cryptocurrencies has risen significantly in recent years, with more individuals and businesses using t...

The understanding and management of risk by financial institutions, banks, and entities, has improved over the years. To...

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

Beneath the seemingly ordinary surface of global commerce, criminals have created an underground world of complex scheme...

Conduct Risk has been the hot topic during the past few years and its scope falls outside the traditional domains of ris...

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

In today’s financial challenging environment, institutions are exposed to numerous economic abuses making it necessary...

9 articles matching risk tag

Decoding DORA: Navigating Operational Resilience in Financial Services

In 2020, the EU introduced a new regulatory framework that would be centered on measures to increase the digitalization of the financial sector. It later would be called the Digital Operational Resilience Act (DORA), and is a part of the Digital Finance Package (DFP), which aims to support inno...

How can criminology help us understand white collar crime?

Though rare in corporate or finance environments, criminology offers valuable insights. Despite "white-collar crime" often costing more than street crime, society tends to overlook it. Analyzing corporate misconduct through a crimilogical lens reveals the dynamics of deceit, power, and ...

Financial greenwashing: the dark links between green bonds and corruption.

Faced with the urgent challenge of climate change, green bonds are emerging as an innovative response to finance sustainable projects and encourage the transition to an environmentally friendly economy. However, the persistent threat of corruption undermines these well-intentioned initiatives, ...

What can be done to improve the efficiency of AML fines?

The heavy fines imposed on financial institutions for AML deficiencies over the years have frequently fallen short in achieving their goals. This inefficiency is manifest in the repeat offending of such banks, the heavy burden it places on them, and the lack of improvement in the AML system. A ...

How effective are AML fines?

Considered a strong deterrent against financial crime, AML fines seem to be little more than symbolic slaps on the wrist for financial institutions with vast pockets. With trillions of dollars being freely laundered every year and ambiguous structural changes required to effectively combat mone...

Aurelie Vandenbulcke - Pideeco Member
Aurelie Vandenbulcke Junior Consultant
Nisrine Karafi - Pideeco Member
Nisrine Karafi Traineeship
Jihane Ayasinen - Pideeco Member
Jihane Ayasinen Traineeship
Hans Torres - Pideeco Member
Hans Torres Traineeship

More work

How do criminals launder their money using video games?

Compliance, Know your Customer, Money Laundering, Anti Money Laundering, AML, Cryptocurrencies, Blockchain, Darkweb, Prepaid Cards,

In the past decade, the video game industry has managed to dwarf the film, music, and television sectors. It’s estimated that there are currently 3 billion active gamers across the globe who have roughly spent $198,6 billion on games in 2022 alon...

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...

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...