RegTech Quarterly Update: Q3 2020

It seems hard to believe that we are approaching the end of this challenging year. Below is a recap of regulatory news and ACA insights related to RegTech from this past quarter, as well as what's new and coming soon to ComplianceAlpha. As always, please reach out to your ACA consultant, or contact us here if we can be of assistance.

Revisiting Best Practices for Trade and Market Abuse Surveillance - Updated Checklist

Is your trade surveillance program sufficiently risk-based? Recent enforcement actions, exam deficiencies, and announcements from regulators around the globe suggest that firms’ trade surveillance obligations have only increased due to the extended work from home environment. We've examined these events and provided relevant best practices on our blog. We've also updated our Surveillance Program Gap Analysis Checklist with these and additional best practices to consider.

Download Checklist

ComplianceAlpha - What's New and Coming Soon

We continue to enhance ComplianceAlpha to help our clients meet their regulatory requirements and address business challenges effectively and efficiently. Here's what's new and coming soon to the platform.

What's New

• Ongoing AML KYC/CIP monitoring: ComplianceAlpha provides ongoing monitoring of over 90 sanctions and watchlists, politically exposed persons (PEPs), and more than 300 adverse media sources, as well as advanced name matching algorithms for both individuals and entities, all powered by ComplyAdvantage's industry-leading artificial intelligence-driven financial crime risk data and detection technology. Clients can receive optional full-service support from ACA's managed services team. Download Product Sheet
   
• Political contributions monitoring: This new feature provides clients with a single location for identifying, tracking, and reviewing political contributions by covered associates or employees and/or household members. Automated searches are performed against a centralized dataset of over 300 million political contributions from public FEC, state, and local databases. Additional support from ACA's managed services team is available. Learn More
   
• ComplianceAlpha Mobile App: The mobile app is designed to serve as our clients' on-the-go hub for compliance management, communication, resources, thought leadership, and future ComplianceAlpha functionality. It puts compliance at the fingertips of both compliance staff and employees so they can stay informed and on top of their compliance tasks while away from the office. Available on iOS or Android devices.

For More Information

For more information or questions, please reach out to your ACA consultant, or contact us here.

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