By Owen Morris (pictured), operations director at Doherty Associates – The ICO has remained vigilant when issuing fines to companies that have suffered data breaches. In July 2019, the ICO issued a notice of its intention to fine British Airways a record GBP183.39 million for infringements of the General Data Protection Regulation (GDPR), although the process remains ongoing – with BA's cooperation – and no final penalty notice has so far been issued.
RIA in a Box, a provider of compliance and registration solutions for wealth managers and investment organisations, has launched a new platform to address the unique regulatory requirements faced by private fund advisers including venture capital, private equity, and hedge fund managers.
Strait Fund Services (STRAIT) has strengthened its compliance offering for hedge fund and private equity clients with the appointment of Michael Barakat.
The increasing pressures on private equity firms to follow compliance rules and maintain transparency, coupled with the plethora of online systems to manage several communication avenues and priorities both internally and externally, are presenting some very real challenges for financial organisations today.
With the US presidential election campaign rapidly gathering pace, the issue of political contributions – and the potential for conflicts of interest – has become a major issue on fund managers’ compliance radars.
ACA Compliance Group (ACA) has launched a new payment and fraud risk assessment (PFRA) offering, which is designed to help firms identify and remediate vulnerabilities within payment flows in order to reduce the risk of costly fraud issues.
ACA Compliance Group (ACA) has appointed Shvetank Shah as Chief Executive Officer (CEO) and member of the Board of Directors effective immediately.
Hedge fund and private equity investors to focus 2020 due diligence efforts on alternative data compliance, says Corgentum survey
Hedge fund and private equity investors to focus 2020 due diligence efforts on alternative data compliance, says Corgentum survey.
Constellation Advisers: Best Regulatory & Compliance Adviser – An innovative a client service approach is being introduced to reduce the direct service costs by the manager and help private equity funds at all stages of growth meet demand for the expanding needs of their business. Constellation Advisers is currently rolling out this unique approach to its client base to enthusiastic feedback.
By Andrew Frost (pictured), Lawson Conner, & Justin Partington, IQ-EQ – Enhanced due diligence, including Know Your Customer (KYC), when completing complex acquisitions of businesses or assets is not only a basic expectation under current Anti-Money Laundering (AML) regulations, but also makes commercial sense for all parties involved.