Fit for Purpose – Are Firms Prepared for FCA Consumer Duty?

A few months past the first deadline and with July 2023 coming up fast, is your firm prepared for the UK Financial Conduct Authority's new Consumer Duty?

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MCO Amplifies Reach and Growth with Acquisition and New Products

Press Release originally published on Business Wire on December 14, 2022.

Global conduct risk and compliance technology provider MCO had another strong and successful year in 2022, growing revenue and headcount and achieving significant scale. An infusion of debt funding from Accel-KKR partners has allowed the company to accelerate their growth and expand their focus on product development and market expansion. 

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Small Compliance Team Priorities for 2023: KYE in the Spotlight

Organisations across the globe invest heavily in resources to strengthen relationships between the business and employees and create the best outcomes. Know Your Employee (KYE) initiatives centred around the recruitment process can result in high-quality talent acquisition. Background checking, identity verification, certifications, and other aspects are a high priority - and it’s no wonder. After all, the cost of replacing an employee is significant. ELMO & HRMI’s 2022 ANZ benchmark report shows an average of AUD $23,860 and 40 days to make new hires.

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Mitigate Risk During the Gift-Giving Season and Beyond

The holidays are here. The air is filled with cheer. . . and gifts and entertainment that might be putting your organization at risk. And those gift and entertainment compliance concerns don't end when the holidays are over. Taking a mindful approach to both the giving and receiving of gifts and entertainment can help firms stay on top of compliance throughout the year.

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Record SEC Enforcement in 2022 Brings Steep Penalties for Misconduct

U.S. Securities and Exchange Commission Chair Gary Gensler said in a speech to the Practicing Law Institute that during the fiscal year that just ended on September 30, the agency filed over 700 actions and obtained judgments and orders totaling $6.4 billion, including $4 billion in civil penalties.

 The actions, outlined in a recent press release, covered a wide range of misconduct including charges around insider trading, disclosure failures and omissions, market manipulation and fraud, misleading investors, executive accountability, failure to maintain books and records, failure to register crypto as a security and insufficient policies and procedures. 

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