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.
Cyber threats are constantly evolving, so it’s important to stay on top of new threats and address them as quickly as possible. We provide cyber alerts and ongoing monitoring to help protect your company from cyber attacks. We also offer phishing testing and monitoring services to protect your business.
One of the simplest ways a hacker can penetrate your network is via email using a tactic called phishing, or, in a targeted effort, spear-phishing. Successful phishing, vishing (telephone-based phishing), and spearphishing can lead to ransomware, payment fraud, and other cyber crimes. The FBI has reported that people lost $57 million to phishing schemes in 2019.
We deploy targeted email campaigns that are designed to test your employee’s ability to identify phishing threats. We use the results of our phishing tests as part of our staff security training, which covers phishing identification and other essential skills and tools for identifying threats and preventing data breaches.
We periodically issue timely alerts on cyber events and technology concerns that may be relevant to your business. Our alerts provide strategic guidance to help you protect your company and understand how to best prevent or remediate issues.
Over 100,000 domains are registered every day, many for malicious purposes. We monitor newly registered domain names and alert you when a domain name that resembles your firm’s domain is registered so that your firm can take action to combat attempts to steal sensitive information or infringe on your firm’s intellectual property.
Hackers often post sensitive data about their victims or targets on anonymous paste sites to share with the broader hacker community. We monitor select anonymous paste sites for mentions of your firm’s domain or IP addresses, as these could be indicators of an upcoming or ongoing attack.
Aponix Protect™ comprehensive cybersecurity and technology risk solution
Aponix Protect helps firms address evolving cyber risks and threats to ensure that their cybersecurity needs are covered year-round. This solution is available in three tiers, each one designed to provide firms with a flexible, robust, responsive, and cost-effective cybersecurity program.
The General Data Protection Regulation (GDPR) reached its third-year anniversary on 25 May 2021. Three years after implementation, we speak with Alex Scheinman, Managing Director, ACA Aponix, about the impact of the regulation, how the COVID-19 global pandemic, Brexit and Schrems II influence the regime, and where data privacy rules will head next.
The Financial Industry Regulatory Authority (FINRA) has issued a regulatory notice in response to a noticed increase in customer account takeovers (ATOs). During these ATOs, bad actors compromise account information, gain unlawful entry into customer online brokerage accounts, make fraudulent transactions, siphon out funds, and commit other crimes. Similarly, bad actors have increasingly been using simulated identities to open online accounts, and unlawfully access funds and data. FINRA’s regulatory notice summarizes the observations of 20 firms of various business models and sizes on the subject.
The SolarWinds breach and the Microsoft Exchange server breach are striking, both in the extent and the breadth of their damage. The damage is ongoing; as part of the attack pattern, backdoor malware designed to give the attackers persistent access to the compromised organizations has been planted for future criminal activity. The recent executive order on cybersecurity testifies to the severity of the problem and the need for a centralized, proactive response. Learn what patterns we have observed and the mitigating strategies we recommend.
Regulatory change, COVID-19 fallout, and a rapidly mutating ecosystem of risks make this a challenging year for financial services firms. In our complimentary whitepaper, we examine the future of risk and compliance and how firms must respond to rapidly evolving circumstances.
- Trade & Transaction
- Managed Services
- Regulatory Deadlines
- Regulatory Technology
- GIPS Standards
A ransomware attack has led to the shutdown of the Colonial Pipeline, the largest fuel pipeline in the U.S. The Colonial Gas pipeline supplies gasoline, jet fuel, and other products to the eastern and southern U.S., providing 45% of the East Coast supply of fuel.
- Portfolio Company Risk Management
On May 4, researchers released details of a security flaw in Dell devices. The flaw affects hundreds of millions of desktops, laptops, notebooks, and tablets. Dell has released additional details of the vulnerability and a recommended fix.
ACA Group announced today that ACA Aponix® is the recipient of the Accounting/Due Diligence Firm of the Year in the 20th Annual M&A Advisor Awards. The M&A Advisor Awards are the benchmark for dealmaking excellence, recognizing the leading M&A Transactions, Restructurings, Deal Financings, Product/ Services, Firms, and Professionals.
ACA is delighted to be counted among the 100 most innovative RegTech companies in the financial industry.
The ever-increasing focus by the Regulators on the accountability of senior management, particularly when things go wrong, emphasises how important it is for individuals in senior positions to have a clear understanding of what is expected of them. This succinct course is designed to assist Senior Managers to have a full understanding of what they need to do to achieve compliance with the rules under the obligations created by the Senior Managers and Certification Regime (SMCR).
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.