Regulators worldwide have stepped up their oversight of crypto activities, and have sent strong indicators that tighter regulation and enforcement is coming. What does this mean for Financial Services firms?
Smaller firms face unique compliance requirements when compared to the needs of their larger counterparts. Add in the complexities of remote and hybrid work in the midst of a pandemic, and it's been another challenging year for Chief Compliance Officers.
MCO has partnered with the RegTech Insight Team to bring you a webinar that covers the new challenges for firms regarding the Senior Managers and Certification Regime. A panel of experts from different companies and with different experiences on the implementation of the regime brings an overview of the changes since initial implementation and discuss best practises approach to Compliance teams to move forward.
The giving and receiving of gifts, entertainment, and hospitality can be perceived as a conflict of interest and bribery risk which can expose organisations to regulatory scrutiny, penalties, and reputational damage. Therefore, firms must have a gift and hospitality policy to mitigate misconduct risk and processes to monitor gifts, entertainment and hospitality transactions and activities proactively.
The SEC Division of Examinations, formerly known as the Office of Compliance Investigations and Examinations (OCIE), provided a discussion of key risks and trends in its 2021 Examination Priorities document.
