Regulatory Compliance Journal

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

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...

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

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

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the econ...

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

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

While the world is on hold, financial crime has not taken a step back amidst the coronavirus emergency. Scammers, money...

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

9 articles matching risk based approach 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...

Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Associate Director
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant
Yanis Triaa - Pideeco Member
Yanis Triaa Trainee

More work

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

PSD2, Compliance expert, EU, KYC, Belgium, Financial Institutions, NBB, Financial firms, Know your Customer,

On the 6th of August 2019, the National Bank of Belgium ("NBB") published a press release announcing that in 2019, there was substantial growth of applications for the execution of payment activities in Belgium. A total of 34 companies are now licen...

Which Financial Abuses are associated with Prepaid Cards ?

Money Laundering, NPPS, Financial firms, KYC, AML, Prepaid Cards, Know your Customer, Terrorism Financing, Financial Institutions, Anti Money Laundering, Red Flags,

Lately the 5th Anti-Money Laundering EU Directive (AMLD5) retained a particular interest on innovative instruments of payment, among which Prepaid Cards and digital currencies. In 2013 the Financial Action Task Force (FATF) had raised a non-binding...

Look up company VAT number in Europe

VAT, TVA, VIES, Anti Money Laundering, AML, Europe, BTW, KYC, Know your Customer,

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 company that has to check whether your counterparty is subject to VAT...