buildings from ground view

U.S. Financial Institutions Face New Risk Regulations

Posted by - October 30, 2017
The Reality of the New FinCEN CDD Rule The FinCEN Final Rule on Customer Due Diligence (CDD) is designed to improve global corporate transparency in the wake of recent scandals. This new rule will have a significant impact on the requirements of financial institutions and the way in which they…
calculator and notes

Research Billing: The Current State of Affairs

Posted by - October 26, 2017
U.S. financial institutions are scrambling to adjust to the expected shift within the trading industry with the implementation date of MiFID II, January 3, 2018,  quickly approaching. Whether or not financial institutions plan to absorb the cost of research, middle and back office CSA and research processes and reporting must adapt…
financial technology

6 Trends in AML Compliance

Posted by - October 17, 2017
Translating Smart Investments to Improved Governance and Customer Relationships Anti-money laundering regulations (AML), including Know Your Customer (KYC) requirements, are hardly a new concept in the world of financial services. Over the years, financial institutions have largely mastered the mechanics of compliance. There is, however, significant opportunity for improvement, especially…
man pressing disruption word button on virtual screen

Strengthening Compliance with AML-as-a-Service

Posted by - October 5, 2017
A Tectonic Shift in Operating Models? Financial services has always been a heavily regulated industry. And while anti-money laundering and counter-terrorist financing regulations are getting more stringent by the day, financial criminals continue to find ways to bypass the strict monitoring rules employed by banks. Banks face increased regulatory scrutiny,…
concept of bank lending

Minimizing Risk through Geospatial Technology

Posted by - October 4, 2017
The Need for Regulatory Support Financial institutions and federal bank regulators can integrate location intelligence as a regulatory technology (Regtech) solution to ensure compliance with anti-money laundering (AML) standards, financial inclusion requirements, and fair lending regulations. This article outlines the key benefits for banks and regulatory authorities of integrating geospatial…
hand pushing "regulatory compliance" button on keyboard

Is Artificial Intelligence Ready for Financial Compliance?

Posted by - September 19, 2017
Key Challenges and Benefits of AI Machine learning and artificial intelligence have become buzzwords in the financial services industry. Daniel Fernandez helps to break down the difference between the two terms and explains how these technologies are being used by compliance departments today. By delving into how these technologies work,…
business team wearing phone headsets

The Battle for Call Recording Compliance

Posted by - September 14, 2017
A “Call” to Arms for Banks In the wake of growing and complex financial legislation, many banks and financial service companies in the U.S., Europe, and Asia have been looking to ensure the activities of their traders and contact centers are compliant with these regulatory requirements. However, call recording compliance…
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What Firms Need to Change in a Social, Mobile World

Posted by - August 10, 2017
The New Reality of Compliance More than halfway through 2017, it’s become clear: This is the year that mobile and social technologies, paired with shifting demographics, are changing compliance practices forever. What’s the Big Deal with Mobile and Social? Mobile, social and the changing demographics of the investor community –…
woman using compliance technology from mobile device

Regtech Comes to the Fore in Compliance Solutions

Posted by - July 31, 2017
How Much Reliance on Technology is Too Much? The last few years have seen a significant rise in regtech, technological solutions for compliance. These solutions can be hugely helpful to companies as their compliance burdens increase in scope and complexity, but they certainly don’t absolve organisations of the responsibility of…
wealth management concept in green

The DOL’s New Regulations Defining Advice Fiduciary

Posted by - June 22, 2017
What Hedge Fund Managers Should Do Now New regulations issued by the Department of Labor expanded the definition of an “advice fiduciary,” which may be interpreted as treating investment managers as “advice fiduciaries” with respect to such investors in funds that they manage unless certain exceptions are met. The rules will…
man with automatic weapon surrounded by falling banknotes

Why You Really Need to Pay Attention to Money-Laundering Risks

Posted by - February 24, 2017
Is your company in the money-laundering business? It very well might be. As banks become warier and apply more resources to anti-money-laundering (AML) efforts, creative criminals are eyeing nonfinancial companies as alternative means to “cleaning up” their act.
The consequences of dismantling the legislation

What Does Trump’s Presidency Mean for Dodd-Frank Whistleblowers?

Posted by - February 1, 2017
President Trump’s promises to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act raise questions about how a repeal plan could impact whistleblowers. The Act created two whistleblower reward programs and enhanced the protections available to certain whistleblowers subjected to retaliation. Here’s how the changes could shake out.