Accuity Adds Anti-Bribery, Corruption Screening to Compliance Offering
Accuity, the compliance and anti-money laundering solutions arm of BankersAccuity, has announced a new Anti-Bribery and Corruption Solution to be included as part of its broader ComplianceMax platform.
The move is a reflection of the greater regulatory attention being directed at preventing corporate crime in the financial sector, coming as enforcement of the Foreign Corrupt Practices Act (FCPA) in the US has markedly increased, and with last year's passage of the UK's new Bribery Act.
Accuity says the new solution will provide real-time screening and workflow management, modules for on-boarding and gifts and entertaining compliance, and will integrate updated sanctions and politically exposed persons (PEP) lists provided by WorldCompliance.
"As we've seen from the numerous high-profile FCPA cases over the last few years, firms with lax bribery and corruption controls face significant financial penalties, shareholder lawsuits, reputational damage, stock price drops and even imprisonment for executives and employees. Firms must be responsible for having stringent controls in place to mitigate any potential risk. We have developed the Anti-Bribery and Corruption Solution to help firms establish and enforce their internal policies and controls," says Henry Balani, managing director at Accuity.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
DORA flood pitches banks against vendors
Firms ask vendors for late addendums sometimes unrelated to resiliency, requiring renegotiation
IPC’s C-suite shuffle signals bigger changes for trader voice tech
Waters Wrap: After a series of personnel changes at the legacy provider, WatersTechnology examines what these moves might mean for the future of turrets and trader voice.
WatersTechnology latest edition
Check out our latest edition, plus more than 12 years of our best content.
From no chance to no brainer: Inside outsourced trading’s buy-side charm offensive
Previously regarded with hesitancy and suspicion by the buy side, four asset managers explain their reasons for embracing outsourced trading.
Band-aids vs build-outs: Best practices for exchange software migrations
Heetesh Rawal writes that legacy exchange systems are under pressure to scale to support new asset classes and greater volumes, leaving exchange operators with a stark choice: patch up outdated systems and hope for the best or embark on risky but rewarding replacement projects.
Portfolio trading vs RFQ: Understanding transaction costs in US investment-grade bonds
The MarketAxess research team explores how such factors as order size, liquidity profiles and associated costs determine whether a portfolio trade or an RFQ list trade is the optimal choice.
IEX, MEMX spar over new exchange’s now-approved infrastructure model
As more exchanges look to operate around-the-clock venues, the disagreement has put the practices of market tech infrastructure providers under a microscope.
The Waters Cooler: The Thanksgiving debrief
Maybe we shouldn’t use AI for EVERYTHING! I’m talking to YOU, Spotify!