Regulatory Compliance Journal

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

The UBO Register in practice | Belgium

Is the UBO Register useful during KYC processes?It was a tedious job to complete the UBO Register for companies. There were a number of start-up problems that made it difficult to transmit all the data on time. We were finally able to do so, but the deadline was extended to September 30, 20...

Look up company VAT number in Europe

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 or as an entity subject to the AML Act, you ...

VAT carousel: fiction or truth for financial institutions ?

VAT Carousels - The look back in the transactions For several years there have been occasional stories of VAT carousels that are exposed after the facts and where banks then do a look back in the transactions on their systems to determine whether something could have been noticed in the past. ...

The rising cost of regulatory compliance for financial institutions

Businesses are increasingly worried about regulatory costs that arise every time a new legal framework is introduced. The stakeholders fear that the cost of compliance will cut the growth of businesses and will lead to very restrictive business environments. What do we mean when we refer to ...

Outcomes of the FATF October 2019 Plenary Week in Paris

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 Financial Action Task Force (FATF) week. This week ...

Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant
Yanis Triaa - Pideeco Member
Yanis Triaa Trainee
Ana Pinto - Pideeco Member
Ana Pinto Trainee
Cesario Pinto - Pideeco Member
Cesario Pinto Trainee

More work

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...

GDPR: inspiring data protection worldwide

Compliance, Compliance expert, Data Protection Authority, Data Protection Watchdog, EU, European Commission, GDPR, Privacy, Personal Data, Data Security,

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 me...

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...