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Recorded Webinar: How to ensure employees meet fit and proper requirements under global accountability regimes
Fitness and proprietary requirements for employees of financial institutions are not an option, but a regulatory obligation that calls on employers to regularly assess employees’ honesty, integrity and reputation, competence and capability, and financial soundness. In the UK, these requirements are a core element of the Senior Managers and Certification Regime (SMCR). They are also…
What to Expect at This Year’s A-Team Group RegTech Summit (London)
Now in its eighth year, A-Team Group’s RegTech Summit (London) returns on October 3 to London at the Hilton, Canary Wharf, bringing together industry practitioners, innovators and regulators to share insights on the most pressing regulatory changes and trends shaping the future of capital markets. Prepare yourself for a full day of dynamic discussions and…
LBBW Selects Fenergo for Onboarding and Client Lifecycle Management (CLM)
Landesbank Baden-Württemberg (LBBW), Germany’s largest state bank, is implementing a cloud-based client onboarding system aimed at improving its compliance processes, based on Fenergo’s client lifecycle management platform (CLM). LBBW, with total assets of €324 billion, hopes the initiative will enhance its automation capabilities and increase operational efficiency. As part of the project, LBBW will deploy…
Pinnacle IM Taps TRAction for Streamlined Transaction Reporting
Pinnacle Investment Management, multi-affiliate investment firm, has turned to TRAction for help to enhance its transaction reporting for both European Market Infrastructure Regulation (EMIR) and Australian Securities & Investments Commission (ASIC) rules. Pinnacle will use TRAction’s trade reporting solution to simplify reporting processes and reduce the burden on internal resources. TRAction’s platform automates the submission…
Regulatory Data Handbook 2024 – Twelfth Edition
Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and…
FinCrime Enforcement Actions Up 31%, H1/2024 – Fenergo Study
Recently released findings from client lifecycle management (CLM), know your customer (KYC) and transaction monitoring specialist Fenergo indicate a 31% increase in the global value of penalties for anti-money laundering (AML) violations, compared to the same period in 2023. The findings underscore a significant rise in enforcement actions, particularly in the Asia-Pacific region, where penalties…
SEC Charges 26 Financial Firms for Record-Keeping Failures, Resulting in $392.75 Million in Penalties
The U.S. Securities and Exchange Commission (SEC) has taken enforcement action against 26 broker-dealers, investment advisers, and dually-registered firms for widespread violations in maintaining and preserving electronic communications. The charges highlight longstanding failures by these firms to comply with federal record-keeping requirements. The implicated firms admitted to the facts outlined in the SEC orders, acknowledging…
MCO Extends KYC/KYTP Reach with Pythagoras Acquisition
Conduct risk and compliance technology provider MyComplianceOffice (MCO) has acquired Pythagoras, a Swiss provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions. The acquisition strengthens MCO’s product portfolio in the compliance technology sector, and marks a significant step in the company’s global reach, leveraging Pythagoras’ presence across Europe, South Africa and Hong Kong….
Adesso Unveils Compl.AI to Address DORA Contractual Provisions
Global IT services provider, Adesso, has unveiled Compl.AI, a generative AI (GenAI) tool to verify that third-party contracts for critical services are in alignment with the EU’s Digital Operational Resilience Act (DORA). The third-party risk management provisions of DORA require the rigorous oversight of third-party ICT providers, including cloud services providers, to ensure that they…
CrowdStrike Incident Tests Operational Resilience
In an ironic twist of fate, the cybersecurity company CrowdStrike, best known for protecting systems from digital threats, recently became the source of a widespread operational resilience event, when a routine update to its Falcon Sensor security software caused chaos by crippling approximately 8.5 million Microsoft Windows systems worldwide including major banks and investment firms….