Tag: MCO

In the intricate world of regulatory compliance within FinTech, the three-step standard ‘Know Your Risk’ (KYR) strategy has emerged as a beacon of simplification and clarity.

In a recent post by MyComplianceOffice, the company explained in detail blackout periods and insider trader risk for limited firms. 

In the past few months, both the SEC and CFTC have targeted numerous Wall Street firms for extensive recordkeeping oversights. This resulted in eye-watering penalties surpassing $1.5bn. Both major and minor firms should anticipate that this assertive enforcement will remain unrelenting.

The contemporary regulatory environment has ushered in an era where the financial penalties and reputational damage of regulatory fines are intolerable for firms. The 2023 Starling Compendium emphasises that firms must instate processes to deter misconduct before it even occurs.

The European Market Abuse Regulations (MAR) have been at the forefront of the financial regulatory landscape since July 2016. Despite its six-year presence, compliance with MAR regulations remains a consistent priority for regulators across Europe, including the UK. Regulatory enforcement continues to unveil that firms still grapple with adherence to rules governing the management of material nonpublic information (MNPI).

The final deadline for compliance with the UK Financial Conduct Authority's (FCA) new Consumer Duty is swiftly approaching in July 2023. The regulatory agency has been actively providing guidance, conducting multi-firm reviews, and sharing specific industry insights in the form of Dear CEO Letters to ensure that firms are adequately prepared for the implementation.

MyComplianceOffice (MCO), a distinguished conduct risk and compliance technology provider, is set to acquire Fairwords, an innovator in AI-powered electronic communications software.

MCO (MyComplianceOffice), a global conduct risk and compliance provider, has launched its new governance and oversight tool, Know Your Risk (KYR).

Conduct risk and compliance risk technology developer MCO (MyComplianceOffice) has acquired Schwab Compliance Technologies to support its expansion effort within in the RegTech space.

MCO (MyComplianceOffice) has formed a strategic partnership with Governor Software to help companies better track compliance requirements.