Regulatory Compliance Journal

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

A top-down approach highlights the behaviour of regulatory changes in the financial institution and helps the Compliance...

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

On 24 September 2019 the European Court of Justice (ECJ) released a preliminary decision according to which Google is no...

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

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the...

An audit trail (also called audit log) is a relevant chronological recording of actions, a set of files, or the destinat...

MiFID (Markets in Financial Instruments Directive) was put into force in November 2007 and was created with the objectiv...

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

In the past decade, a series of leaks from insider sources have shed light on the complex systems of money laundering, t...

On March 12 2019, the European Parliament and European Union Member States made a provisional agreement on how to protec...

10 articles matching transparency 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...

Elise Loncol - Pideeco Member
Elise Loncol Trainee
Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant
Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant

More work

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...

Apply a Top-down approach for Regulatory Compliance Ops

Governance, MIFID, Compliance expert, Tone at the Top, Top-down, MiFID2, Audit Findings, Transparency,

A top-down approach highlights the behaviour of regulatory changes in the financial institution and helps the Compliance Officer to build a strong Governance. This principle is also known as “tone at the top” in ethical and responsible business b...

GDPR Privacy Update: Fines, penalties and recent sanctions

GDPR, Data Security, Data breach, Financial Sanctions, Compliance, Financial firms, Privacy, Personal Data, European Commission, EU,

It did not take long after the entry into force of GDPR on 25th May 2018 for many companies to revise their positions and business priorities following their initial scepticism towards the penalties that were to be imposed by the new regulation. The...