Regulatory Compliance Journal

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

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

What is DLU and how has it evolved through the years?DLU stands for "Déclaration Libératoire Unique", which is...

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

3 articles matching tax havens 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...

Oscar Canario da Cunha - Pideeco Member
Oscar Canario da Cunha Associate Director
Redan El Madani - Pideeco Member
Redan El Madani Trainee
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

Financial institutions against money laundering | AML

AML, Money Laundering, EU, Financial Sanctions, European Commission, 5AMLD, Financial Institutions, Anti Money Laundering, Europe, 6AMLD,

In recent years, the banking sector in the European Union has been shaken by different scandals related to money laundering. On July 24th, 2019, the European Commission published reports including one on the assessment of recent alleged money launde...

How to detect COVID-19 financial crimes?

Know your Customer, Money Laundering, Darkweb, Transaction Monitoring, AML, Transparency, Risk Based Approach, Compliance, Tax Havens, Anti Money Laundering, Compliance expert, FATF, Detection Scenarios,

While the world is on hold, financial crime has not taken a step back amidst the coronavirus emergency. Scammers, money launderers, and fraudsters have begun to exploit the weaknesses in the economy and in the fearful and worried population. As the...

How important are audit trails for your company?

Financial firms, Audit, Ethics, Governance, Conduct Risk, RegTech, Transparency, Financial Institutions, AML, MiFID2, KYC,

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 successive activities or events within an operational environment, a p...