Compliance

The Securities and Exchange Commission (SEC) settled charges with 21 investment advisors and six brokers, claiming the firms had failed to “timely file and deliver” their Form Customer Relationship Summaries (CRS) to investors.

A research report by Wealth Dynamix and Compeer has provided insights into how front office professionals view the client lifecycle management process.

Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.

Varo Bank has selected financial crime investigation firm Quantifind’s Graphyte platform to optimise its adverse media screening and investigations automation performance.

The European Commission has said it intends to end anonymity in cryptocurrencies and introduce a new anti-money laundering (AML) agency to crack down on financial crime.

A review by the Financial Conduct Authority (FCA) on the practices of debt packager companies has led to six firms stopping providing regulated debt advice.

A survey conducted by IHS Markit and Pirum has found over 70% of regulatory respondents plan to consolidate their diverse reporting processes under a single platform.

UBS Wealth Management USA has agreed to pay a $8m fine to the Securities and Exchange Commission (SEC) over its failure to properly supervise brokers who sold complex exchange-traded products without understanding the risks.

Israeli commercial real estate startup that automates the insurance compliance process for tenants and property managers Jones raised a $12.5 Series A funding round.

A survey conducted by regulatory technology business Clausematch has found the RegTech industry has witnessed accelerated growth during the coronavirus pandemic.