Firms in both the U.S. and the UK need to be aware of recent changes made to regulatory reporting forms. While the industry has been focused on MiFiD II, enhancements continue to be made to existing regulatory filings that require firms to keep abreast of their changes and modifications. Form PF Updates Form PF is […]
Recent Regulatory Reporting Updates – What Your Firm Needs to Know Read More »
ACA Compliance Group offers many webcasts throughout the year featuring discussions on timely topics and issues ranging from regulatory compliance, performance, financial crime, and cybersecurity. As we approach the end of the year, we thought we’d take a look back at some of our most popular webcasts from 2017 and share them with you. All
ACA’s Top 10 Webcasts of 2017 Read More »
The Guidance Statement on Broadly Distributed Pooled Funds was approved on 13 March 2017. A summary of the guidance statement can be found here, and the full document can be accessed here. The overall premise is to address which funds are covered by the guidance, and the requisite marketing obligations with regards to the GIPS®
Due to the nature of its business, trade finance is considered a high-risk product that is frequently used by individuals and criminal organizations to launder funds, conduct terrorist financing, and evade the sanctions, regulations, and restrictions of the Office of Foreign Assets Control (“OFAC”). Financial institutions (“FIs”) that provide trade finance offerings are under significant
Anti-Money Laundering and Trade Finance: What You Should Know Read More »
Link or network analysis can help the compliance risk industry better analyze data sets to discover alarming patterns. This form of analysis allows compliance teams to dive into massive piles of valuable information and process data much faster than holistic methods can. However, according to a report by Oracle, 43% of surveyed C-level financial industry
How Link Analysis Can Help In Anti-Money Laundering Investigations Read More »
Last summer, CFA Institute released the Exposure Draft of the GIPS® Standards Guidance Statement on Overlay Strategies. Historically, this segment of the investment industry has not received much in the form of ethical best practices in calculating and presenting performance, and this release was the first attempt by CFA Institute to issue official guidance for
The Exposure Draft of GIPS Standards Guidance Statement on Overlay Strategies Read More »
With only 19 business days left in the year, the pressure is mounting to cross those final compliance to-do ‘s off the list and finish the year strong. 2017 has been filled with a number of regulatory and industry developments that may impact how year end compliance tasks are prioritized and 2018 initiatives are set,
March 1, 2018 is the next compliance deadline for the New York State Department of Financial Services’ (“DFS”) New York State Law 23 NYCRR 500 Cybersecurity Requirements for Financial Services Companies (“23 NYCRR 500”). Several key requirements, including a full-scale risk assessment and employee training, must be completed and implemented by this date. By March
March 1st DFS 23 NYCRR 500 Compliance Deadline Fast Approaching – What You Need to Know Read More »
Have you fallen behind schedule with your compliance testing and surveillance? Need an extra hand to assist with your annual compliance review? With year-end clearly in sight, we are available to assist with any short-term staffing needs. The ACA team includes a dynamic mix of financial technologists, data scientists, and compliance consultants, many of whom
Wrap Up Compliance Projects by Year-End Read More »
As we approach the end of 2017 and reflect on the past year, it’s hard to ignore the recent surge in cybercrime and the financial, operational, and reputational losses that breaches have caused portfolio companies and M&A targets. Some notable examples include the $350 million (7%) deal adjustment on the Yahoo acquisition as well as
