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  • BofAML’s Fake Trade Reports: Governance Breakdown?

    How could Bank of America Merrill Lynch get away with giving institutional customers phony trade execution, transaction cost analysis and expense reports for five years?… [Continue Reading]

    BofAML’s Fake Trade Reports: Governance Breakdown?
  • Crypto Laundering: AML Regs Tighten

    Anti-money laundering managers at banks and other financial institutions need to adapt their customer onboarding and transaction-monitoring approaches to cryptocurrency investors or risk regulatory fines,… [Continue Reading]

    Crypto Laundering: AML Regs Tighten
  • GDPR: Final Call for US Asset Managers

    Does Europe’s General Data Protection Regulation (GDPR) apply to me? If compliance and operations managers at US asset management firms are asking themselves that question,… [Continue Reading]

    GDPR: Final Call for US Asset Managers
  • Custody: Unchartered Waters for Digital Assets

    Qualified custodian. That’s a term that compliance and operations managers at registered investment fund advisors, not to mention the US Securities and Exchange Commission, are… [Continue Reading]

    Custody: Unchartered Waters for Digital Assets
  • Striking an NAV: Fund Managers’ Contingency Options

    (Editor’s Update on December 5, 2018: US fund managers are getting serious about striking back-up NAVs on their own. Milestone Group tells FinOps Report that… [Continue Reading]

    Striking an NAV: Fund Managers’ Contingency Options

News You Can Use

Drug Cartels As Foreign Terrorists: AML Spotlight

US President Donald Trump's decision in January to classify drug cartels as foreign terrorist organizations and specially designated global terrorists has put anti-money laundering compliance executives at US financial institutions doing business in Latin America on high alert when it comes to their AML programs. Based on the US Department of State including eight drug cartels on the FTO and … [Read More...]

Readers’ Picks (Last Two Weeks)

  • BNY Hit With Final US$11M Fine For SS&C Contract Breach September 27, 2024 (0)
  • SEC: Clear Path For Crypto Asset Custody? February 19, 2025 (1)
  • Where the Buck Stops: FINRA Fines BBH and Anti-Money… February 21, 2014 (1)
  • SEI Loses Antitrust Suit Against SS&C; Use of… January 4, 2021 (0)
  • Drug Cartels As Foreign Terrorists: AML Spotlight April 1, 2025 (1)
  • No Shortcuts Reimbursing NAV Errors Says SEC November 22, 2016 (0)

Featured Posts

SEC: Clear Path For Crypto Asset Custody?

The US Securities and Exchange Commission's decision last year to fine Galois Capital for violating its custody rule as well as potential changes to that regulation under the new crypto-friendly Trump administration are fueling speculation about whether one of … [Read More]

Business of Human Rights in New EU Reg

Oversight of third-party vendors will soon take on a new human rights twist for many local and foreign financial firms doing business in the European Union thanks to the new Corporate Sustainability Due Diligence Directive. The European legislation, … [Read More]

SEC Exams 2025: T+1 Post-Mortem?

T+1 settlement isn't over for the US Securities and Exchange Commission. Chief compliance officers at US fund management firms and broker-dealers must be prepared to show how they are meeting the challenge of a one-day settlement cycle, otherwise known as … [Read More]

SEC’s Short Sale Reporting Rule Comes Up Short

Fund management firms, soon required to report their short sale positions with the US Securities and Exchange Commission, could end up scrambling at the last minute to make the necessary operational changes while praying the regulatory agency agrees with their … [Read More]

BNY Hit With Final US$11M Fine For SS&C Contract Breach

SS&C Technologies Canada Corp. has won only US$11 million instead of the US$890 million it wanted, but it still scored a final moral victory against Bank of New York Mellon for violating the terms of its market data contract with the financial technology … [Read More]

The FinOps story

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