Compliance

The 5 Biggest Compliance Fines of 2020

Just on the back of the decade of the highest enforcement actions against financial institutions, the question always was: Would the trend continue? Well, looking at the compliance fines that have been issued by the authorities in the last twelve months, it has become clear that this dog doesn’t only bark, it bites! Again, billions …

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5 ways to keep up with regulatory change

5 Practical Ways to Keep Up with Regulatory Changes 

As the industry, business, and the legislative environment keep evolving and iterating practical methods to keep up with regulatory changes become not only difficult but also mandatory. In today’s business era, regulatory developments are one of the most challenging changes to keep up with. It is not easy for small or large businesses to keep …

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Policy Management Matters – Getting It Right

Remote working doesn’t just create logistical challenges for businesses, it can also create new compliance issues. As the volume of electronic communications increases, compliance reviewers risk being deluged with excess content if supervision policies are not configured properly. And as new communication channels emerge, companies could find themselves wrong-footed if employees share messages on platforms …

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Legal Basics for Compliance Professionals: Power of Attorney

No matter your function as a compliance professional, a little legal background without doubt is helpful. It is helpful because it is a required element to analyse applicable financial regulation. And it is helpful to understand the legal consequences of an organisation’s actions and the individuals that work for it. In our series of legal …

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How Zoom + Smarsh Helps Financial Firms Maintain Work-from-Home Compliance

For companies in financial services, working from home during this crisis while staying compliant can be challenging. Whether it’s a broker-dealer shifting from a traditional office setting, an investment advisor looking to virtually meet with a client, or a bank conducting loan interviews over video and messenger, virtual meetings and communications have become the most …

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Future Compliance Careers: The Artificial Intelligence Compliance Officer

Innovative technologies transform the financial industry at all levels and the role of the compliance officer is no different. We have covered the subject of the Future of Compliance Jobs on several occasions over the years and the bottom line is fairly simple: while less complex jobs would be replaced by automated systems, other aspects …

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All you need to know about the new Guidelines on the MiFID II compliance function requirements

With the first MiFID Directive, the European lawmakers emphasized the importance of an independent compliance function. It formalized the requirements investments firms had to fulfil to ensure a control framework that would “detect any risk of failure by the firm to comply with its obligations under Directive 2004/39/EC, as well as the associated risks, and …

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In a nutshell: The new rules on Complaints Handling under MiFID 2

Complaints Handling is one of the many areas the European legislator focused on to improve Investor Protection across the EU. While the changes in primary legislation are marginal, the devil is in the detail and firms need to make sure they comply if they want to avoid a massive headache coming from those rule changes. …

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