ACA Spotlight Blog

ACA Spotlight Blog

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


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.

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Compliance Alert - SEC
September 26, 2019

On August 21, 2019, the U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) published two sets of guidance on proxy voting.

Thought Leadership
September 24, 2019

ACA’s Hedge Fund Practice hosted a breakfast event in Boston with local CCOs, with a fireside chat with senior staff from the Securities Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) and Division of Enforcement. The SEC staff discussed priorities pursued by OCIE and Enforcement, the SEC’s use of data analytics, challenges related to deficiencies (or a lack there of) stemming from exams, and expectations around firm’s trade surveillance policies, procedures, and practices. Read our key takeaways.

Data Retention Challenges During an AML System Migration
Thought Leadership
September 19, 2019

Today, many financial institutions are changing the anti-money laundering (AML) technology platform they use to perform required compliance processes, such as transaction monitoring and sanctions screening. Once the process has started, there are important considerations around data migration that must be managed correctly.

Thought Leadership
September 12, 2019

Leaving annual review prudential regulatory preparations until December creates a last-minute crush of work, and may result in key areas being overlooked. We discuss the importance of reviewing and refreshing prudential programmes in a timely manner

CSSF Brexit preparations: Action required for AIFMs, MiFID firms and UCITS firms
Compliance Alert
September 6, 2019

The Luxembourg regulator, (the CSSF) has outlined provisions to allow for contract continuity of existing relationships established and serviced via passporting rights under various EU directives for 12 months. Application deadline is 15 September 2019. What does this mean for financial services firms?

Private Markets GIPS Compliance
Thought Leadership
September 6, 2019

The investor community increasingly demands that investment performance be calculated without the use of subscription lines of credit. ATP Private Equity Partners, the fund of funds arm of Denmark’s largest pension, has recently changed its due diligence process to request returns without the “flattering effect of subscription lines.”

Detecting Trafficking of Fentanyl and Other Synthetic Opioids
Compliance Alert - FinCEN
September 5, 2019

FinCEN published an advisory to remind financial institutions of their due diligence and other Bank Secrecy Act obligations regarding the illicit financial schemes and mechanisms related to the trafficking of fentanyl or other synthetic opioid drugs. By complying with these obligations, financial institutions can help combat the opioid drug epidemic the U.S. is currently facing.

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?
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.