Compliance Induction - 14 April 2021
This course is designed to assist Senior Management to embed a compliance ethos in the individual and a strong compliance culture throughout the firm.
Online Training
Risk and Compliance Online Training Modules
Ensure your staff are trained effectively to comply with new industry regulations and understand their role in protecting your firm against insider trading and cybersecurity risks with our online user-led training courses with trackable benchmarks and testing.
Course Catalogue
Our web-based training courses provide asset management firms and private fund managers insights into crucial regulatory and compliance topics. Questions are embedded throughout the modules and completion is recorded for review and regulatory records.
Anti-Money Laundering (AML) and Counter-Terrorism Financing Awareness
Our general and Cayman Island focused courses provide employees with an introduction to money laundering, the current regulatory environment, and insight into their role within their firm’s AML Program.
During the course, we'll cover:
- An explanation of money laundering and terrorism financing
- How regulations and sanctions impact firms in the financial industry
- How conducting business globally creates additional AML risks and how to mitigate them
- Suspicious activity red flags and other tips employees should understand to protect your firm’s reputation
- Key Cayman Islands AML/CFT regulations applicable to private funds and financial service providers (in Cayman specific module)
Course Details
- Length: 45 min, Self-Led Training
- Number of Staff: Unlimited
- Who is this for? All staff
Cybersecurity Awareness Training
This course provides investment advisers of all sizes with an effective and comprehensive review of cybersecurity risks. Our course is designed to ensure your staff gain a broad understanding of their role in protecting your firm.
During the course, we'll cover:
- Examples of phishing and vishing incidents
- Examples of malware incidents to investment advisers
- Key protections staff should know
Course Details
- Length: 60 min, Self-Led Training
- Number of Staff: Unlimited
- Who is this for? All staff
Foreign Corrupt Practices Act (FCPA) Basics
Our web-based training course provides firms with an introduction and overview of the Foreign Corrupt Practices Act ("FCPA") and its basic prohibitions, operations prone to risk, and red flags that may indicate FCPA violations.
During the course, we'll cover:
- An explanation of the Foreign Corrupt Practice Act (“FCPA”)
- Familiarity with FCPA’s accounting and record keeping requirements
- Key risk areas relevant to asset management
- Various red flags that suggest corruption risk
Course Details
- Length: 45 min, Self-Led Training
- Number of Staff: Unlimited
- Who is this for? All staff
GDPR Awareness Training
This course provides businesses of all sizes with an effective and comprehensive review of the EU's General Data Protection Regulation ("GDPR") requirements and is designed to ensure your staff gain a broad understanding of their role in meeting GDPR requirements.
During the course, we'll cover:
- An overview of GDPR;
- Personal data and special categories of data
- Data protection ecosystem
Course Details
- Length: 15 min, Self-Led Training
- Number of Staff: Unlimited
- Who is this for? All staff who work with personal data
Purchase for all business types
Purchase for Private Equity, Venture Capital, and Credit Fund Managers
Insider Trading Awareness Training
Our training provides investment advisers of all sizes with an effective and comprehensive review of insider trading risks. It's designed to ensure your staff gain a broad understanding of their role in protecting your firm.
During the course, we'll cover:
- How to recognize material non-public information (MNPI)
- How to identify common sources or situations involving MNPI
- What steps you must take if you come into contact with MNPI
- Practical guidance for handling MNPI to protect your firm’s reputation and yourself personally
Course Details
- Length: 60 Min, Self-Led Training
- Number of Staff: Unlimited
- Who is this for? All staff
For UK Firms Purchase Here
Sexual Harassment Prevention Training
Our web-based training course provides firms with an effective and comprehensive overview to help employees better understand what is considered sexual harassment, how to report sexual harassment in the workplace, as well as options for reporting workplace sexual harassment to external state and federal agencies that enforce anti-discrimination laws.
During the course, we'll cover:
- Sexual harassment in the workplace
- Retaliation
- Supervisors’ responsibilities
- What to do if harassed
- Additional protection and remedies
- Sexual harassment case studies
Course Details
- Length: 40 min, Self-Led Training
- Number of Staff: Unlimited
- Who is this for? This course is appropriate for all employees at any size firm within any industry. This course was designed to meet the New York State requirements and built based upon the New York State curriculum.
Course Administration
All course administrators are provided access to our online training platform where you have the ability to:
- Send training (with unique links for tracking) to individual trainees
- View current completion status
- View last login time for trainees
- View quiz scores
- Download a PDF or Excel report of completion and quiz scores
- Send reminders to staff
Latest insights
ESMA final report recommends expansion of transaction reporting regime to AIFMS and UCITS Management Companies
ESMA has published a final report assessing the functioning of the Transaction Reporting regime under Article 26 of the Markets in Financial Instruments Regulation (“MiFIR”). Among a number of proposed changes perhaps the most impactful is the recommendation that UCITS management companies and AIFMs that are providing one or more MiFID services (i.e., Collective Portfolio Management or ‘CPMI’ firms) should be subject to transaction reporting
Article
- Trade & Transaction
- Compliance
Q2 2021 Regulatory Reporting Deadlines
Here we summarize the regulatory filing submission deadlines occurring from April through June 2021.
Compliance Alert
- Compliance
- Regulatory Deadlines
SEC Increases Focus on Digital Assets
On February 26, 2021, the U.S. Securities and Exchange Commission’s (SEC) Division of Examinations released a Risk Alert highlighting areas of concern found in its examinations of investment advisers and broker-dealers investing and dealing in digital assets that are securities. We believe that these recent Division observations highlight the SEC’s interest in Digital Asset Securities and are a precursor to additional scrutiny in these areas.
Compliance Alert
- Compliance
Urgent Update for Apple iOS
Apple has issued urgent updates for its iPhone, iPad, and iWatch devices. According to Apple, these updates patch a discovered “cross site scripting” vulnerability that allows bad actors to inject malicious code into web pages. The code could be enabled when users access these pages using browsers on Apple devices. This vulnerability may already have been exploited.
Cyber Alert
- Cybersecurity
New Marketing Rule - SEC Staff Confirms All or None Early Adoption Approach
The SEC issued an FAQ officially confirming what has been informally communicated by Division of Investment Management staff, which is that investment advisers may not implement the new Marketing Rule until they are prepared to comply with it in its entirety. Note that this includes both the rules around traditional advertisements and the new requirements for solicitation arrangements.
Compliance Alert
- SEC Advertising Rule
The New Marketing Rule’s Impact on the Presentation of Performance
The long-awaited modernization of the Marketing Rule was added to the Federal Register on March 5, 2021. Not only does the final marketing rule consolidate the advertising and cash solicitation rules, it also (among other things) categorizes certain considerations for presenting investment performance, effectively streamlining guidance currently found across multiple staff letters.
Article
- SEC Advertising Rule
- Performance
- Compliance
News
Russell Investments Selects ACA Group’s ComplianceAlpha to Modernize Their Risk and Compliance Program from a Single Platform
Russell Invesments has selected ACA's ComplianceAlpha® to help modernize and streamline their compliance program.
We Are Now ACA Group
This week, ACA Compliance Group made the move to ACA Group, better known to our clients and industry partners as ACA.
Five Reasons to Attend ACA Regulatory Horizon 2021 | Navigating Evolving Risks
There is just one week to go until Regulatory Horizon 2021 | Navigating Evolving Risks, our free-to-attend European based conference for financial services firms is running from 2-4 March. We outline five reasons why this event is worth adding to your calendar.
Upcoming events
Money Laundering Reporting Officer: The Role and Responsibilities - 12 May 2021
The role of the Money Laundering Reporting Officer (MLRO) is a mandatory position in all firms in the Financial Services Industry. This reflects the statutory objective that the Regulator(s) have for ensuring that firms behave with “Integrity”, particularly relating to financial crime prevention. The MLRO therefore plays a significant role in assisting Senior management to ensure that systems and controls relating to anti-money laundering (AML) and countering the risk of terrorist financing (CTF) are appropriate and effective. This course provides practical advice and guidance on the responsibilities of the MLRO, what is expected by the Regulators, both of the Senior Management and the MLRO, and how those responsibilities can be achieved. It should be noted that attendance at this course does assume a good knowledge of the UK’s AML/CTF regulations.
Online Training
Compliance Officer: The Role and Responsibilities - 13 May 2021
The role of the Compliance Officer is a mandatory position in all firms in the Financial Services Industry. They play a major role in assisting Senior Management to ensure that appropriate and effective systems and controls are in place to achieve and maintain compliance with the applicable Rules. While the nature of the Compliance Function is likely to differ from one firm to another, this course provides an easy to follow breakdown of what the Regulator expects of a Compliance Officer and explains, in practical terms how the regulatory expectations and those of Senior Management can be achieved.
Online Training