Regulatory Compliance Journal

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

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

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

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

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

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...

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

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

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

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

11 articles matching transparency tag

How is real estate used for money laundering?

In February of 2022, Transparency International revealed that Russians linked to the Kremlin or with corruption charges had invested £1.5 billion in the UK property market, mostly through companies held in Britain’s overseas territories and crown dependencies. The findings exposed Great Br...

GDPR: inspiring data protection worldwide

Since its inception, the EU’s General Data Protection Regulation (GDPR) has been deemed by experts as the world’s strongest collection of data protection rules. As our online presence increases through social media, digital banking, and other means, nations around the globe have come to re...

Dawn of disruption: predicting AML in the next decade

The exponential growth of technology is leading to the disruption of numerous sectors including telecommunications, robotics, science, and finance. As banks are slowly adapting to high-tech innovations, the world of compliance and AML will face unprecedented changes and challenges in the near ...

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...

Diogo Canario da Cunha - Pideeco Member
Diogo Canario da Cunha Computer Scientist Consultant
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Momina Zahra - Pideeco Member
Momina Zahra Junior Consultant

More work

Outcomes of the FATF October 2019 Plenary Week in Paris

FATF, GAFI, AML, FATF WEEK, Money Laundering, Corruption, Financial Sanctions, Red Flags, Risk Based Approach,

For one week, from the 13th to the 18th October, representatives of 205 countries and jurisdictions, the IMF, UN, World Bank and other organizations (OECD, OSCE, Europol, Egmont Group of Financial Intelligence Units, ...) met in Paris for the Financi...

The KYC Guide for Russian Professional Counterparties

Compliance, Financial firms, KYC, AML, Risk Based Approach, Russia, Financial Institutions, Financial operations, Europe,

How to conduct KYC on Russian Counterparties ?Doing business with Russian entities in non-sanctioned sectors of the economy requires some specific attention points regarding client due diligence (the risk exposure assessment process of clients to mon...

How to remotely identify clients and become PSD2 compliant?

PSD2, Europe, Digital, Financial Institutions, Financial operations, EU, Compliance, Financial firms,

The European Banking Authority (EBA) published in June 2019 an : Opinion on the elements of strong customer authentication (SCA) under the revised : Payment Services Directive (PSD2) . The Opinion provides non-exhaustive lists of the authentication e...