By Aaron Nicodemus2023-11-17T21:58:00
For years, executives, managers, and employees at broker-dealers, investment advisory firms, and swap dealers used unauthorized communication channels to conduct company business.
They texted clients and colleagues from their personal devices. They exchanged emails from personal accounts. And, perhaps most systematically, they sent thousands of business-related messages that were not recorded by their employer on apps like WhatsApp, WeChat, Signal, and Slack.
So, what’s the big deal? Why does using unauthorized channels matter?
2024-08-15T16:43:00Z By Aaron Nicodemus
Two regulators doled out more than $477 million in fines on a new group of broker-dealers, investment advisers, and swaps dealers that failed to maintain and preserve the electronic communications of their employees, bringing total such fines issued since 2021 to $3.2 billion.
2023-11-30T16:00:00Z By Aaron Nicodemus
Addressing employee use of off-channel communications for conducting business was clearly on the minds of compliance officers who responded to our “Inside the Mind of the CCO” survey, but their confidence in their related policies and procedures was surprisingly weak.
2023-11-15T15:46:00Z By Kyle Brasseur
A big year for disgorgement helped the Securities and Exchange Commission to its second highest total of financial remedies ordered in a single year in fiscal year 2023.
2025-09-09T16:37:00Z By Aly McDevitt
The Epstein case remains a defining moment for financial institutions. As new investigations bring renewed attention to his enablers, Compliance Week’s 2024 case study offers not only a timeline of failures but a path forward. Here’s what banks, regulators, and compliance teams must learn from it.
2025-09-03T11:37:00Z By Tom Fox
At their core, compliance officers are problem-solvers. They wrestle with thorny questions every day: How do we implement a global gifts-and-entertainment policy across jurisdictions with vastly different cultural norms? How do we balance business pressures with anti-corruption obligations? How do we address new risks like AI itself?
2025-09-02T14:19:00Z By Hemanth Kumar, Guest Contributor
Financial ecosystems are no longer confined within national boundaries. Money, technology, and risks flow seamlessly across jurisdictions, creating unprecedented challenges for compliance officers. From sanctions and anti-money laundering (AML) obligations to the rise of virtual assets, the compliance function must now navigate a complex, cross-border landscape where regulators, institutions, and ...
Site powered by Webvision Cloud