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.

2019 Investment Management Compliance Testing Survey
Survey
May 3, 2019

ACA Compliance Group and the Investment Adviser Association invite you to participate in the 2019 Investment Management Compliance Testing Survey. The survey is open to compliance professionals at SEC-registered investment advisers. The survey will remain open through Friday, May 31. 

FinCEN Penalized First Peer-to-Peer Cryptocurrency Exchange
Compliance Alert
May 1, 2019

On April 18, the Financial Crimes Enforcement Network (FinCEN) announced that they have imposed their first-ever penalty on a peer-to-peer cryptocurrency exchange for violating AML regulations, among other violations.

ACA’s Spring 2019 Compliance and Performance Conference
Thought Leadership
May 1, 2019

ACA’s Spring 2019 Compliance and Performance Conference is just around the corner and we want to make sure you have all the information you need to make the most of your time. Below are just a few ways to maximize your conference experience.

FCA Business Plan 2019/20
Compliance Alert - FCA
April 30, 2019

On 17 April, the FCA published its Business Plan for 2019/2020, setting out its key priorities and specific activities for the coming year. Read on for a summary of the areas of priority we believe will be of interest to firms in the wholesale arena, and a dissection of Mr Bailey’s vision.

Compliance Alert Finra Actions
Compliance Alert - FINRA
April 29, 2019

The total dollar amount of fines in 2018 that the Financial Industry Regulatory Authority’s (“FINRA”) Enforcement Division ordered against its member firms increased slightly to $74 million from $68 million in 2017. While the total dollar amount increased nearly nine percent, the total number of fines decreased to 209 in 2018, compared to 318 in 2017. Both the number and dollar amount of fines assessed by FINRA have fallen significantly since 2014, as the charts below show. In 2014, FINRA fined broker-dealers a record amount of nearly $129 million dollars, roughly 10 percent greater than the total dollar amount assessed in 2017 and 2018 combined.

Six Steps to Analyzing an AML Program’s Efficiency and Effectiveness
Thought Leadership
April 26, 2019

Every anti-money laundering (AML) program should be reviewed periodically to confirm that the program is performing efficiently and effectively. Analytics can play a big role in this review by providing new insights that support evidence-based decision-making.

Transaction reporting
Compliance Alert - FCA
April 25, 2019

Numerous firms who have undertaken complex, expensive and burdensome projects to build their reporting frameworks have mistaken the light at the end of the implementation tunnel as the end of the MiFID II challenge. Some firms are looking the wrong way down the tunnel, and others might well be watching the FCA enforcement train leaving the station.

Regulatory Changes with Compliance Implications for Exchange-Traded Funds
Compliance Alert
April 24, 2019

Several new regulatory requirements and developments should be evaluated by certain ETF sponsors and advisers regarding changes to the stock-exchange listing standards and Regulation M. This article summarizes these developments and their potential compliance program implications.

Critical Vulnerability Discovered in Internet Explorer
Cyber Alert
April 18, 2019

On April 10, researchers published information on a critical vulnerability in Microsoft’s Internet Explorer® (IE) browser.

Compliance alert
Compliance Alert - SEC
April 17, 2019

On April 16, the SEC's OCIE issued a risk alert detailing compliance issues from recent examinations of investment advisers and broker-dealers pertaining to privacy regulations.

Federal Reserve Bank
Compliance Alert
April 16, 2019

Michael Held, Executive Vice President of the Legal Group at the Federal Reserve Bank of New York, spoke at the 1LoD Summit in New York on April 2, 2019.

What Boards Need to Know About the SEC’s New Cybersecurity Request List
Thought Leadership
April 15, 2019

Cybersecurity oversight continues to challenge boards and now the SEC has updated their request list for cyber exams. This updated list combined with previously articulated SEC expectations, provides some directional help for boards as they navigate cybersecurity issues. In this blog, ACA's Jim Pappas shares what boards need to know.