ACA Spotlight Blog

ACA Spotlight Blog

Compliance, risk, and technology insights and alerts for financial services
 

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ACA's experienced compliance, risk, and technology professionals regularly provide insights on industry news, trends, and best practices. Our blog now consolidates all ACA compliance alerts, thought leadership articles, white papers, cybersecurity alerts, and results from ACA surveys to help you find the information you need more quickly and easily. 

For ACA compliance alerts prior to March 2019, see our News Archive.

ACA's Fall 2019 Conference
Thought Leadership
September 5, 2019

In just two short weeks, compliance professionals will arrive in Austin, TX for ACA’s Fall 2019 Compliance Conference. Still on the fence? Below are a few reasons why ACA’s Fall Conference is not just a conference you should attend, but one you need to attend.

iPhone exploit alert
Cyber Alert
September 4, 2019

A security breach of Apple's iOS operating system that occurred over at least two years has affected countless iOS device users. Here's what you need to know to protect your personal information.

Delivering on SM&CR – Do firms need to move faster?
Survey
September 2, 2019

Poll findings reveal that less than 2% of firms ready for the Senior Managers & Certification Regime, which comes into force in less than 100 days. It's clear that solo-regulated firms must accelerate the pace at which they are preparing for regulation ahead of 9 December implementation but is the work required ahead of the deadline being underestimated?

 

Compliance Alert
August 29, 2019

On Tuesday, August 27, 2019, the U.S. Securities and Exchange Commission ("SEC") announced it had brought charges against an investment adviser in connection with a $105 million securities fraud in Pennsylvania.

FATF-Identified Jurisdictions with AML/CFT Deficiencies
Compliance Alert - FinCEN
August 22, 2019

The Financial Crimes Enforcement Network issued an advisory to remind financial institutions that updates the FATF made to their list of jurisdictions that have strategic AML/CFT deficiencies may affect their obligations with respect to these jurisdictions and that they should consider the impact these updates have on the institution’s risk-based approach.

compliance blog
Thought Leadership
August 22, 2019

With a raft of regulatory changes coming into force over the last few years, financial firms have incurred many system, process, policy and procedure changes. Overseeing and managing all of the moving pieces presents a challenge for compliance teams.  How can Senior Management and Compliance Officers be confident that their governance, risk, and compliance framework is current, sufficiently comprehensive and ultimately effective to avoid regulatory scrutiny?

GIPS 2020 Verification ACA Performance
Thought Leadership
August 22, 2019

Following the release of the 2020 GIPS Standards by CFA Institute on June 28, 2019, firms are encouraged to early adopt the new provisions. One such firm did early adopt, and ACA Performance Services is excited to announce we recently issued our first verification report under the 2020 GIPS Standards.

SEC Investigating Data Leak at First American
Compliance Alert
August 21, 2019

Real estate title insurance giant First American Financial Corp. is being investigated by the SEC for a data leak that exposed over 885 million personal records from as far back as 2003.

FCA Raises Further Concerns on Access to Inside Information
Compliance Alert - FCA
August 20, 2019

Following the conviction of a former compliance officer of a major investment bank, the FCA raises concerns on the control of access to inside information. We examine the regulator's findings and recommendations, and what this means for financial services firms. 

Treasury International Capital Form SHL
Compliance Alert
August 8, 2019

The U.S. Treasury and the Federal Reserve Bank of New York will collect data regarding non-U.S. residents’ holdings of securities of U.S. issuers via Form TIC SHL. This mandatory collection is conducted every five years. The filing deadline is August 30, 2019, and data must be reported as of June 30, 2019.

GIPS Compliance Alternative Asset Managers
Thought Leadership
August 7, 2019

The 2020 edition of the GIPS Standards was released on June 28, 2019. One of the major initiatives of the overhaul was to make compliance with the GIPS standards easier for alternative managers.

6 Hot Topics in Employee Compliance
Thought Leadership
August 5, 2019

Is your code of ethics monitoring and personal trade surveillance compliance program built to beat the heat? This blog post recaps our recent webcast on this topic and provides best practices for navigating complex and evolving areas of compliance management, including cryptocurrency, pay-to-play, robo-advisors, and more.