Regulatory Compliance Journal

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

AML Transaction Monitoring & Detection Scenarios

Efficiently fine-tuning AML Transaction Monitoring can help financial firm's compliance teams to increase productivity while carefully avoiding pointless investigations by reducing the amount of false-positive alerts. The revision of AML detection scenarios is not a straightforward proces...

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 ...

Sofiane Beldjoudi - Pideeco Member
Sofiane Beldjoudi Traineeship
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Stefano Siggia - Pideeco Member
Stefano Siggia Senior Consultant

More work

The Banking Industry & Regulatory Compliance Requirements

Financial operations, Financial Institutions, Compliance, Financial firms, Top-down, Insurance, Belgium,

Compliance risk is one of the biggest concerns of the banking industry. Failing to comply can have an impact on the reputation of the brand and create a decrease in its customer population. Lack of due diligence in transactions and clients monitoring...

How is real estate used for money laundering?

6AMLD, Anti Money Laundering, Corruption, Compliance, Due Diligence, Financial Sanctions, Financial Institutions, Know your Customer, 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...

Look up company VAT number in Europe

VAT, TVA, VIES, Anti Money Laundering, AML, Europe, BTW, KYC, Know your Customer,

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...