Regulatory Compliance Journal

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

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

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

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 ...

5 articles matching risk management tag

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...

Environmental Crimes & Money Laundering

The coronavirus pandemic has reinforced the hunger to urge world leaders to take consistent action to fight climate change. The yearning for a profound change and not a “back to normal” has been seen in the past months with the open letter signed by 200 scientists and celebrities published...

Piet De Vreese - Pideeco Member
Piet De Vreese Managing Director
Redan El Madani - Pideeco Member
Redan El Madani Trainee
Elise Loncol - Pideeco Member
Elise Loncol Trainee
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

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...

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...

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...