MyComplianceOffice Blog

We are an international team with offices in 3 different continents and employees from more than 20 different countries. In this blog series, we are pleased to show you the backstage of our operations, bringing you closer to our team members.

This week we interviewed a member of the Customer Success Team. Our Customer Team builds the bridge between our products and our customers. MCO have a customer-centric approach, and our team is always trying to find solutions for any concern our users bring forward.

The FCA is consulting on extending the deadlines for the SMCR for solo-regulated firms until 31 March 2021. This delay will give firms, significantly affected by the Covid-19, time to make the changes they need. 

The coronavirus pandemic has been a significant event, bringing lots of uncertainty to organizations across the globe. Without question there are emerging concerns among compliance officers regarding staff training, resources, controls and the need to keep up with regulatory change. With that in mind, we invited compliance experts to answer three questions and give their views on upcoming regulatory enforcements and compliance in the second half of 2020.

The Financial Adviser Standards and Ethics Authority (FASEA) sets education, training and ethical standards for the financial services industry. The body approves qualifications and exams, develops the Code of Ethics, and sets CPD requirements for licensed financial advisers in Australia.

Recent guidance from the US Department of Justice (DOJ) on the Evaluation of Corporate Compliance Programs provides best practices for assessing the effectiveness of a program, updating the information provided in 2017 and 2019.

The 2020 updates show an increased emphasis on the management of third party risk. What does this mean for corporations?