Insights
Car Washes, Motels... now the Post Office? Money Laundering hits the UK High Street.
In December 2022 the FCA issued final notice against a UK regulated bank for serious and persistent gaps in its anti-money laundering (AML) controls in its Business Banking portfolio. New reporting shows the UK Post Office system was specifically targeted to launder those proceeds and moved approximately £1.3bln through the institution.
- AML and Financial Crime
FAQ About the Principles for Responsible Investment (PRI)
We’ve put together an FAQ to help you navigate the various requirements of being a PRI signatory (including the annual reporting requirement).
- ESG
2023 Investment Management Compliance Testing Survey is Now Open
The survey, now in its 18th year, gathers anonymous information from U.S. investment advisers of all types and sizes for the purpose of reporting on industry trends.
- Compliance
Checklist: Cybersecurity Board Reporting
Upcoming regulations will likely require more board oversight and involvement in a company's cybersecurity program. Our checklist can help you create an effective report for the board to perform its required cybersecurity oversight.
- Cybersecurity
- Portfolio Company Risk Management
Tip for Updating Your Compliance Program: Conflicts of Interest
The SEC makes it clear that all broker-dealers and investment advisers have conflicts of interest, and that firms must have a process to identify, mitigate, or eliminate these conflicts.
- Compliance
5 Tips to Maximize the Effectiveness of a Mutual Fund Fact Sheet
Fact sheets are one of the main tools that investors reference when analyzing mutual funds, and they can be an essential marketing piece to attract and engage additional shareholders.
- Distribution
The FCA’s 2023/24 Business Plan: Stop Me If You’ve Heard This One Before…
The FCA released their 2023/24 Business Plan on 5 April 2023 detailing the actions the UK regulator aims to take over the next 12 months.
- FCA
- Compliance
U.S. Regulatory Update – April 2023 Edition
This update includes tips for a stellar compliance program review, the download on the recent banking sector volatility, a reminder about Form BE-12 filing obligations, and more.
- Compliance
SEC Proposed Order Competition Rule
The SEC proposed to amend the order competition requirements of the National Market System, which would promote competition and protect individual investors.
- Compliance
- SEC
Will SM&CR Pass Its Own Fit and Proper Test?
SM&CR is being assessed by the FCA, PRA, and HM Treasury and invites stakeholder views on areas of potential change, specifically the effectiveness, scope, and proportionality of SM&CR and "other improvements" to SM&CR.
- Compliance
- FCA