November 2020 Regulatory Updates

Regulatory Actions and Updates from Around the Globe
Enforcement Highlights – November 2020
Hong Kong: The Securities and Futures Commission of Hong Kong fined Credit Suisse Securities $2.1 million for regulatory breaches resulting in failures in its electronic trading systems.
United Kingdom: The Financial Conduct Authority imposed a £3.44 million penalty on TFS-ICAP Ltd, an FX options broker, for communicating misleading information to clients.
USA: The Securities and Exchange Commission of the United States charged Benja Inc., a San Francisco-based e-commerce startup, with defrauding investors, providing forged contracts and bank statements.
USA: The SEC filed actions against three investment advisory firms whose failure to implement written policies and procedures resulted in violations of the Investment Advisers Act in connection with sales of complex exchange-traded products.
Past events: Navigating the Complexities of Beneficial Ownership – The Challenges of UBO Due Diligence
Watch the recording of our most recent webinar breaking down the challenges and solutions to the Ultimate Beneficial Owner due diligence.
Legal Entity Customer Due Diligence
What is a legal entity in terms of compliance? Learn more about how due diligence helps financial institutions understand the relationships, risks, and obligations of a legal entity in our most recent Regtech Glossary post.
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Fireside Chat: Mergers & Acquisitions: The Future of Enhanced Due Diligence
Join our latest live fireside chat to learn more about the most impactful trends in enhanced due diligence for merger and acquisition transactions
December 2020 Regulatory Updates
Regulatory actions and industry updates from financial authorities and regulators around the globe in December 2020
iComply Launches Digital Compliance Administration Platform for $181 Billion KYC and AML Market
Updated iComplyKYC platform leverages edge computing and AI to support onboarding and ID verification for legal entities and natural persons