MyComplianceOffice Blog

The Tokyo District Court has sentenced a former judge to 2 years imprisonment, suspended for 4 years, over insider trading charges. The former judge pleaded guilty to engaging in the illicit activity while on temporary assignment at Japan’s Financial Services Agency (FSA).

The compliance landscape is shifting at warp speed. Gone are the days when compliance officers could rely solely on policy manuals, spreadsheets, and a well-honed gut instinct. Today, artificial intelligence (AI) is transforming compliance, offering unprecedented efficiency, automation, and insight—but also introducing new risks and regulatory scrutiny.

Employees who work at firms in the financial services industry are privy to sensitive information of all kinds. There are many ways for employees to abuse this information beyond garden-variety insider trading. As the ways bad actors can misuse information and manipulate the market getincreasingly sophisticated, the need for equally sophisticated compliance technology to keep up continues to grow.  

As FINRA phases out WebEFT, financial institutions face the daunting task of migrating to FINRA's new API platform. Managing the switch internally leaves firms to choose between a significant and ongoing investment in development and compliance resources or a move back to inefficient and error-prone manual processes. 

The April 30 sunset date is coming up fast. Is your firm ready for the change? 

Singapore’s CPIB exposes a major corruption scheme funnelling millions through procurement fraud, resulting in a guilty plea and a reckoning for those involved.