When it comes to enforcing the Foreign Corrupt Practices Act (FCPA), the U.S. Department of Justice (DOJ) is still trying to figure it out. That’s according to Mike Koehler, professor of Law at Southern Illinois University, who is an FCPA expert.
The Association of Corporate Counsel (ACC) published an article in May focusing on the top ten things small corporate legal departments need to know about complying with the Foreign Corrupt Practices Act (FCPA). While all ten are good to review, three stand out as critical to making sure your FCPA compliance program is more than just a written policy.
The time to being preparing to comply with the new Senior Managers and Certification Regime (SMCR) is now, according the Financial Conduct Authority (FCA). The FCA recently issued a reminder to firms regulated by the Financial Services and Markets Act (FSMA) that they must be ready to meet SMCR requirements when the December 9, 2019 effective date arrives.
Earlier this year, the National Futures Association (NFA) put forth guidance to commodity pool operators (CPOs) on the regulator’s Compliance Rule 2-9 that took effect on April 1. The guidance (aka “the Notice”) applies to CPOs with control over customer funds. It outlines what CPOS should be doing to manage employees and how they should be supervising third parties in order to meet their obligations under the new rule focused on internal controls.
We're excited to announce the arrival ofMyComplianceOffice 9.0, the newest release of our easy-to-use online compliance solution. In addition to many new features and updates, 9.0 contains Deal Review Manager (DRM), a new module that helps firms manage deals/opportunities and the flow of any related Material Non-Public Information (MNPI). This new module allows users to review investment banking deals, evaluate potential conflicts, define the associated restrictions, as well as capture the compliance review for auditing, regulatory and reporting needs. It can also audit the communication by the control room/compliance review team to the deal team members, including required disclosures.
At MCO, we help companies, of all sizes, address Employee Compliance with affordable, easy to use, and integrated technology. From understanding employee transactions to gifts and entertainment activities - and everything in between, MyComplianceOffice 9.0 gives you the flexibility you need for today's complex regulatory requirements.