Competing priorities for compliance departments today include tight budgets, challenges hiring and retaining skilled professionals, the continuing impact of COVID 19 and remote and hybrid work—all while maintaining a culture of compliance in the midst of everything else.
Compliance is a crucial business function for every large-scale and small-scale organisation. It is imperative that organisations monitor the compliance landscape on a consistent basis. However, doing so requires a great deal of time and resources, and remaining compliant at all times is an even bigger task.
Every single firm, no matter how big or small, has to adhere to all the latest regulations, requirements and laws. However, many small-sized firms struggle with meeting their compliance obligations, as they lack sufficient resources to properly manage this area.
Acquisition will cement position as a leading authority on conduct risk and compliance technology.
New York, March 7, 2022: MCO (MyComplianceOffice), a global provider of conduct risk and compliance technology, today announced the execution of an agreement for the acquisition of Schwab Compliance Technologies (SCT). SCT serves over 700 clients providing a software as a service (SaaS) solution that automates asks associated with monitoring employee trading activity and efficiently administering a firm's Code of Ethics.
The regulatory framework for Digital Assets and Cryptocurrencies (Crypto) has been rapidly evolving. Regulators expect that firms play their part to ensure that investing in crypto is as safe as possible for investors and customers or else enforcement will be pursued.
