Degroof Petercam under ECB scrutiny

As reported, the bank was under AML audit recently following a number of negative news linking the financial institution with money laundering.

The ECB board has on its agenda for this week the review of the AML audit of the institution;

A ECB official mentioned that the case wouldn’t be part of the weekly meeting agenda if was unimportant.

As noted in the reported new, the ECB undertakes the direct supervision of certain banks in order to safeguard the integrity of the EU economy.

During this year, two EU banks closed activities over money laundering allegations while investigations continue and share prices are affected by this sort of scandals.



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.

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