GRC hot topics
2019 Investment Management Compliance Testing Survey
ACA Compliance Group and the Investment Adviser Association invite you to participate in the 2019 Investment Management Compliance Testing Survey. The survey is open to compliance professionals at SEC-registered investment advisers. The survey will remain open through Friday, May 31.
12 Tips for Getting the Most Out of ACA’s Spring 2019 Compliance and Performance Conference
ACA’s Spring 2019 Compliance and Performance Conference is just around the corner and we want to make sure you have all the information you need to make the most of your time. Below are just a few ways to maximize your conference experience.
ACA Compliance Group Launches Consulting Services for Mutual Fund Board of Directors
ACA Compliance Group (“ACA”) has expanded its consulting services to support mutual fund boards and senior management with enhanced governance of critical issues, board oversight, and business judgement.
FinCEN Penalized First Peer-to-Peer Cryptocurrency Exchange
On April 18, the Financial Crimes Enforcement Network (FinCEN) announced that they have imposed their first-ever penalty on a peer-to-peer cryptocurrency exchange for violating AML regulations, amon
- AML and Financial Crime
The FCA Business Plan 2019/20 and the Future of Financial Regulation in the UK
On 17 April, the FCA published its Business Plan for 2019/2020, setting out its key priorities and specific activities for the coming year. Read on for a summary of the areas of priority we believe will be of interest to firms in the wholesale arena, and a dissection of Mr Bailey’s vision.
Summary of FINRA Regulatory Actions 2018
The total dollar amount of fines in 2018 that the Financial Industry Regulatory Authority’s (“FINRA”) Enforcement Division ordered against its member firms increased slightly to $74 million from $68 million in 2017. While the total dollar amount increased nearly nine percent, the total number of fines decreased to 209 in 2018, compared to 318 in 2017. Both the number and dollar amount of fines assessed by FINRA have fallen significantly since 2014, as the charts below show. In 2014, FINRA fined broker-dealers a record amount of nearly $129 million dollars, roughly 10 percent greater than the total dollar amount assessed in 2017 and 2018 combined.
Six Steps to Analyzing an AML Program’s Efficiency and Effectiveness
Every anti-money laundering (AML) program should be reviewed periodically to confirm that the program is performing efficiently and effectively.
- AML and Financial Crime
Regulatory Changes with Compliance Implications for Exchange-Traded Funds
Several new regulatory requirements and developments should be evaluated by certain ETF sponsors and advisers regarding changes to the stock-exchange listing standards and Regulation M. This article summarizes these developments and their potential compliance program implications.
Transaction reporting: The beginning of the end or the end of the beginning?
Numerous firms who have undertaken complex, expensive and burdensome projects to build their reporting frameworks have mistaken the light at the end of the implementation tunnel as the end of the MiFID II challenge. Some firms are looking the wrong way down the tunnel, and others might well be watching the FCA enforcement train leaving the station.
- Trade & Transaction
ACA Aponix Launches Cost-Effective Cybersecurity Diligence Service for PE Investment Teams
Cyber incidents at portfolio companies can drastically diminish their investment value. To help PE investment teams mitigate cyber risks, we're excited to announce our cost-effective cybersecurity diligence service.