Regulatory Compliance Journal

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

Which Financial Abuses are associated with Prepaid Cards ?

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 public guidance for a risk based approach on...

6th AML Directive (AMLD6) : The European Harmonization

On November 12, 2018, the European Parliament issued new rules to strengthen the fight against money laundering through the 6th EU Money Laundering Directive (2018/1673). Member States have until 3 December 2020 to transpose the Sixth AML Directive and bring into force the laws, regulations an...

Protection of Whistleblowers : What is the EU framework?

On March 12 2019, the European Parliament and European Union Member States made a provisional agreement on how to protect whistleblowers. This new agreement guarantees a higher level of protection for whistleblowers than the level given in the original proposal of 23 April 2018. This agreement...

The Banking Industry & Regulatory Compliance Requirements

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 can drag the bank to costly and time-consumi...

Apply a Top-down approach for Regulatory Compliance Ops

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 behaviour. From the highest management level t...

Hakim Amri - Pideeco Member
Hakim Amri Trainee
Michel Cliquet - Pideeco Member
Michel Cliquet Senior Consultant
Reeva Manalili - Pideeco Member
Reeva Manalili Trainee

More work

Facebook & Diem: the sensational entry in the financial world

Cryptocurrencies, Blockchain, Facebook, Financial firms, FinTech, RegTech, Money Laundering, Digital, Anti Money Laundering, Transparency, Financial operations,

By targeting approximately 1.7 billion people around the world who do not have access to a traditional bank account, the American firm Facebook aspires to rely on its 2.4 billion users to reach the forgotten and the destitute people of the convention...

What are the impacts of Financial Data Leaks?

Politically Exposed Persons, 6AMLD, DPA, Transparency, Data Security, Know your Customer, European Commission, Data breach, Digital, Money Laundering, Corruption,

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 jo...

The UBO Register in practice | Belgium

UBO, UBO Register, AML, Financial Institutions, OECD, Europe, EU, 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 ...