Financial Services

Software can make compliance simpler and easier for as long as the pandemic lasts (and beyond), from doing the heavy lifting when it comes to pre-clearing trades to being able to delegate review authority with the click of a mouse....

Anti-money laundering laws have now seen the most significant reformation of the Bank Secrecy Act since the adoption of the USA PATRIOT Act. Rimon Law’s Thomas Fawell examines the new AML laws. The newly enacted National Defense Authorization Act (NDAA) imposes...

Whether it’s global reforms in combatting financial crime, the impact of Brexit or the acceleration of digitalization in financial services, 2021 promises to be a year to watch in terms of financial regulatory trends. Fenergo's Rachel Woolley covers the top...

Behavox CEO Erkin Adylov unpacks compliance trends that financial firms would be wise to focus on amidst the ongoing challenge of flexible working arrangements in 2021. If they fail to adjust compliance protocols accordingly, these firms could face massive regulatory...

FinCEN has proposed lowering the “Recordkeeping Rule” and “Travel Rule” thresholds, and although the changes would benefit law enforcement, they could also result in increased cost to regulated entities. BDO’s Chuck Pine discusses the potential compliance burden the proposed changes...

The SEC recently adopted the Fair Value Rule, requiring fund investments to be fair valued where market quotations are not “readily available.” Nutter McClennen & Fish’s Mark Jensen and Ian Roffman discuss the effects this change will have. Sometimes the...

Recent updates by the SEC to reporting requirements are meant to elicit improved disclosures. McCarter & English partner Peter Campitiello offers insight into what the changes will require of public companies. The U.S. Securities and Exchange Commission (SEC) recently adopted...

How has COVID-19 impacted the road to compliance and the accounting industry? Visual Lease’s Joe Fitzgerald discusses why FASB has proposed new changes to its lease guidelines and what it means for companies on their compliance journey. COVID-19 has shifted...

“In every crisis, an opportunity:” the criminal’s motto, probably. Financial crime compliance consultant Shubham Jain discusses what banks can do to foil the efforts of financial criminals during these unprecedented times. COVID has shaken the entire world in almost every...

Factor’s Chris Magee illuminates a new EU regulation, discussing what organizations are impacted and what they can do to meet their compliance obligations. The Central Securities Depository Regulation (CSDR) is a new EU regulation primarily concerned with improving securities settlement...

Remember the panic around Y2K? Jay Fitzhugh, Chief Regulatory Officer at Mitratech, discusses why we are facing down a similar issue with the concept of negative interest.   Negative interest has become quite the buzzword in financial circles, but what...

Sujata Dasgupta explores the emerging concept of perpetual, dynamic KYC and analyzes how AI-powered solutions can form the building blocks of a dynamic KYC platform. A strong know your customer (KYC) framework is the backbone of effective financial crimes compliance...