.... The use of technology solutions to manage complex regulations (a.k.a. “Regtech”) is emerging as a potential solution to the compliance demand. This paper poses the question, “Which support do current Regtech solutions offer?”. Design/methodology/approach This study analyzed a global set of 550...

...Francesco Falco Purpose To explain the impacts of the class action, as recently amended by the Italian Parliament, and help financial institutions to develop a compliance approach in order to avoid and/or mitigate the relevant risks. Design/methodology/approach This article provides...

...Laura S. Pruitt; David P. Bergers; Eric A. Love Purpose The purpose of this paper is to summarize and analyze the 2019 broker-dealer examination priorities of the Financial Industry Regulatory Authority (“FINRA”) and the US Securities and Exchange Commission’s (“SEC”) Office of Compliance...

...Anne-Marie Godfrey Purpose To examine the nine common areas of non-compliance in managing investment funds and discretionary accounts, detailed in a Hong Kong Securities and Futures Commission (SFC) circular dated September 15, 2017, directed at SFC-licensed asset managers. Design/methodology...

...-advisers may meet their disclosure, suitability and compliance obligations under the Investment Advisers Act of 1940 (Advisers Act). Design/methodology/approach Examines the update’s guidance on three areas – the substance and presentation of disclosures, the provision of suitable investment advice...

... can develop or improve its culture of compliance. Design/methodology/approach This article examines FINRA’s current and historic pronouncements about “culture” in speeches, guidance, and decisions in disciplinary proceedings, and looks for common themes that should guide broker-dealers’ compliance...

...B Viritha; Velu Mariappan; Varun Venkatachalapathy Purpose – The study was conducted to assess the level of compliance with regulatory guidelines on anti-money laundering (AML) in the scheduled commercial banks in India, and to understand the bottlenecks in AML implementation. Design...

... for private equity firms concerning the need for compliance and disclosure reviews and the benefits of remediation and cooperation. Findings – This enforcement action and other similar ones represents a continuing SEC focus on fee and expense misallocation. It is also relevant to advisers to real estate...

... implementations. Findings – The primary conclusion of this paper is that banks should not treat BCBS 239 as yet another compliance exercise. The BCBS 239 principles constitute a driving force to restore viability and improve risk governance. In light of the new standards, banks can benefit from making...

...Mark Srere; Mary Beth Buchanan; Elaine Koch; Jennifer Mammen; Tyson A. Johnson Purpose – To highlight the first award granted under the US Securities and Exchange Commission Whistleblower Program to a compliance professional. Design/methodology/approach – Explains the first award issued...

...Miriam Fisher; Brian McManus Purpose – To explain the details and implications of a September 9, 2014 federal indictment, US v. Robert Bandfield, the first time a Foreign Account Tax Compliance Act (FATCA) violation has been charged as an “overt act” in furtherance of a tax conspiracy...

...Michael S. Caccese; Douglas Y. Charton; Pamela A. Grossetti Purpose – To explain an administrative law judge (ALJ) decision, along with a censure, fine, and industry disbarment, against an investment adviser for misleading advertising and false claims of compliance with Global Investment...

..., and other rule violations and compliance failures; explains changes in registered investment adviser (RIA) exemptions following enactment of the Dodd-Frank Act; discusses recent SEC announcements concerning inspections and examinations of RIAs. Findings – The SEC's recent announcements and enforcement...

... details of the May 2013 enforcement action, cites other FCPA enforcement actions in financial services, discusses various types of FCPA risks for financial services firms, lists elements the US and UK governments have considered in evaluating companies' anti-bribery compliance policies and controls...

.../methodology/approach The paper highlights the principal new compliance obligations for FINRA members set forth in these rules, including a default six‐year retention period for books and records; requirements to maintain names of associated persons responsible for accounts, to maintain signatures of persons...

... the most significant being their impact on existing compliance and corporate governance procedures. This paper seeks to examine this issue. Design/methodology/approach The paper analyzes the final rules and their impact on public companies. Findings Publicly listed entities have cause for concern...