KYC Red Flag Automation
Written by Don Lee Fidelity Investments was fined $500,000 by FINRA and ordered to pay $530,000 in restitution to clients for not […]
OFAC Enforcement and the monitoring of IP addresses
Written by Don Lee I read through OFAC’s Enforcement Information for November (https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20151124_Barracuda.pdf) and found this interesting and a different twist to […]
Compliance Officers and Personal Liability Report and What Compliance Officers Can Do.
Written by Don Lee Are you a compliance officer feeling threatened with increased personal risk, you’re not alone. Thomson Reuters recently published the […]
Managing Conflicts of Interest across BD and RIAs
Written by Don Lee Many BD firms are expanding their business in the shrinking BD market to the Investment Advisory space. The […]
Are Debit Card transactions flying under your firm’s AML radar?
Debit card transactions should be included in AML programs. This added data increases the burden of review resulting in the need for automated compliance software such as FinWebTech's Catalyst Compliance Solution.
7 Simple tips for Cyber-Security for Broker Dealers and RIAs
Written by Don Lee Cyber-Security is a hot topic with the SEC and FINRA. Regulators have announced their examinations will include Cyber-Security and some […]
SEC’s Branch Chief on Data Analysis and 9 things CCO’s should do
Written by Don Lee SEC’s Chief of Staff Andrew Donahue recently spoke at the National Regulatory Services Fall conference and gave CCO’s […]
SEC’s use of ‘Big Data’ anlaytics and Compliance
Written by Don Lee The SEC had a record year of 807 enforcement actions and orders for $8.2 Billion in penalties and […]