Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The market of Governance, Risk and Compliance (GRC) is growing in high speed. Companies invest more in risk products to keep their business compliant, face to the strict regulations imposed by legislators and financial authorities. The responsibility of financial institutions is to ensure the rule of law at different levels of the company in order to prevent financial crime and problems related to money laundering and terrorism financing. 

In 2018, the regulatory environment in the European Union knew a lot of changes through the integration of strict directives related to money laundering and customer protection. Belgium, being at the heart of these changes obliges, through its regulators, compliance officers to follow legislation as soon as possible. These latter make sure that their companies respect law at different levels of their business relationships and follow a culture of integrity, compliance and ethics. 

Refinitiv, one of the leading business data providers in the risk market, assists professionals in their legal obligations to help them ensure compliance through risk products and consequently fight for financial crime.

Our project will then highlight the main regulatory changes which can create a commercial opportunity for Refinitiv. Also, due to the growth of the GRC market, it was important to identify the main competitors of the company, so as to position itself. Finally, a qualitative study with compliance officers and regulators was conducted in order to understand the needs and expectations of both our target groups.

Key words: Compliance, Money Laundering, Financial crime, GRC market, Terrorism financing, Refintiv, Compliance officers…… --- Sciences économiques & de gestion > Marketing

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

In recent years, there has been an increase in the number of laws concerning the fight against money laundering and terrorism financing. 

Exacerbated by globalisation, this fight is an international issue as criminals take advantage of the differences in legislation between countries to pursue their illegal activities.

The purpose of this thesis is to explain the main new obligations introduced by the anti-money laundering law of the 18th of September 2017, to assess its impacts on externally certified accountants and auditors, its effectiveness, as well as its suitability for small accounting and auditing firms.

After defining the supranational, European and national framework of the fight against money laundering and terrorism financing, we will analyse the main new due diligences of the law of the 18th of September 2017, with regard to the professions concerned and the difficulties these new requirements created for them.

Then, we will report on an empirical research that was carried out thanks to interviews with professionals involved in the field of our study.

Although Belgium has been able to improve its anti-money laundering legislation, in practice, the application of the law of the 18th of September 2017 is complex. 

The results obtained from these interviews have shown that the professionals targeted in this study have seen their workload and compliance costs increased. Moreover, these various impacts are much more significant for small accounting and auditing firms. Consequently, it seems obvious that this law is not adapted to small structures and their future will be jeopardized if there is no adjustment to the legislation studied in this thesis.

Anti-money laundering --- terrorism financing --- Belgium --- Directive (EU) 2015/849 --- external auditor --- ultimate beneficial owner --- diligences --- external certified accountant --- Sciences économiques & de gestion > Comptabilité & audit

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The terrorist attacks that have occurred in the past few years around the world have raised international awareness of the danger of terrorism and its complex repercussions on the financial markets. This paper explores the ways in which financial markets reacted to the attacks and the authorities' responses. Well-functioning financial markets, bolstered by the prompt and effective reaction of the relevant authorities, were generally efficient in absorbing shocks stemming from terrorist attacks. The paper discusses market and regulatory responses to the terrorist attacks and the elements that should be strengthened so as to further enhance the resilience of financial markets to terrorism.

Electronic books. -- local. --- Terrorism -- Finance. --- Terrorism. --- Banks and Banking --- Criminology --- Illegal Behavior and the Enforcement of Law --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Corporate crime --- white-collar crime --- Banking --- Terrorism, armed struggle --- Terrorism financing --- Anti-money laundering and combating the financing of terrorism (AML/CFT) --- Terrorism --- Money laundering --- Banks and banking --- United States --- Finance.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This report discusses Mauritius’s Observance of Standards and Codes for the Financial Action Task Force Recommendations for Anti-Money Laundering and special recommendations on Combating the Financing of Terrorism. Mauritius is pursuing a national strategy to diversify its economy into the provision of global financial services by taking advantage of its linkages with both African and Asian economies. Additionally, Mauritius intends to offer new products in Islamic financial services and wealth management.

Public Finance --- Criminology --- Illegal Behavior and the Enforcement of Law --- Taxation, Subsidies, and Revenue: General --- Corporate crime --- white-collar crime --- Public finance & taxation --- Crime & criminology --- Anti-money laundering and combating the financing of terrorism (AML/CFT) --- Legal support in revenue administration --- Money laundering --- Terrorism financing --- Crime --- Revenue administration --- Revenue --- Crime--Economic aspects --- Guernsey

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This report assesses Observance of Standards and Codes on Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Israel. Israel has made significant progress in strengthening its regime for AML/CFT since 2000. Overall, a comprehensive legal and institutional framework for AML/CFT is now in place, and Israel complies well with the FATF 40+8 Recommendations. The assessment, nevertheless, identified a number of areas where the regime for AML/CFT could be strengthened, including the need to ensure more consistency among the relevant supervisory authorities in addressing AML/CFT problems.

Banks and Banking --- Insurance --- Criminology --- Illegal Behavior and the Enforcement of Law --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Insurance Companies --- Actuarial Studies --- Corporate crime --- white-collar crime --- Banking --- Insurance & actuarial studies --- Anti-money laundering and combating the financing of terrorism (AML/CFT) --- Money laundering --- Terrorism financing --- Crime --- Financial institutions --- Banks and banking --- Israel