Staying in the know is critical to your regulatory compliance processes. To help ensure you are aware of all regulatory updates, we have upgraded Compliance.ai Alert Emails to monitor not only all the newly published regulatory changes, but also older regulatory content that has been recently added to Compliance.ai. In addition, our latest upgrades include critical improvements to Compliance.ai Team Edition’s user management functionality.
We also continued enriching our regulatory coverage, not only by introducing new Concepts, but also by expanding our content coverage, including: regulatory updates for legislations, regulations, antitrust/competition, asset management, banking, finance, and securities. Our new sources are particularly focused on consumer protection related matters across the globe including new sources in Australia, Belgium, Canada, European Union, France, Germany, Ireland, Luxembourg, Mexico, Netherlands, Qatar, United Kingdom, Switzerland, United Arab Emirates and the United States.
Stay in the know with more comprehensive alert emails
Compliance.ai clients rely on saved searches (alerts and notifications) and emails to keep abreast of important regulatory changes. Until now, our alert emails only included regulatory changes that were newly published during the most recent day or week. To ensure our alert reports give you the full picture, we have updated our solution’s alert emails to include not only newly published regulatory content, but also content that has been recently added to the Compliance.ai platform. For example, older regulatory content from sources that are now available on Compliance.ai (new sources). In addition, our alert emails now include existing regulatory content that has been updated such that it now appears within the search. For example, content that has new Compliance.ai Concept associations that were not previously classified.
Service Connector Edition: Deliver all relevant documents to your GRC
Even clients with optimized alerts sometimes miss critical regulatory documents in their saved searches. To help ensure Service Connector Edition clients can populate their integrated systems, we’ve enabled an existing Team Edition capability. Now, Service Connector Edition clients can add workflows manually to documents individually or in bulk.
To leverage this capability, simply select the “Add to Workflow” button in any search view toolbar and specify your preferred workflow.
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Speed up your regulatory research by integrating Concepts into your regulatory review
Constructing the best possible search for key regulatory changes can be challenging. That’s why we continue to enhance our library of Concepts. Concepts are automatically applied to all regulatory content available in our platform, allowing you to locate critical regulatory changes and associated documents related to specific topics with one click.
Our latest Concepts focus on Operational areas, and include:
Concept Name
Description
Regulatory Reporting – Money Service Businesses
Money service businesses, such as money transmitters, currency exchange providers, and payment processors, are subject to regulatory reporting requirements related to anti-money laundering (AML) and counter-terrorism financing (CTF). They must report suspicious transactions and adhere to know-your-customer (KYC) guidelines.
Regulatory Reporting – Derivatives
Participants in derivatives markets, including futures, options, and swaps, often have reporting obligations. They must report details of their trades, positions, and risk exposures to regulatory bodies and trade repositories.
Regulatory Reporting – Broker-Dealers
Brokerage firms and securities dealers must comply with regulatory reporting requirements related to their trading activities, customer accounts, trade execution, and financial condition. These reports are submitted to securities regulators or exchanges.
Regulatory Reporting – Stock Exchanges
Stock exchanges have reporting obligations to regulatory authorities to ensure fair and orderly trading. They must report information such as trade data, market surveillance activities, and compliance with listing rules.
Regulatory Reporting – Insurance
Insurance companies are typically required to submit regulatory reports to insurance regulatory authorities. These reports cover areas such as solvency, reserves, underwriting practices, claims handling, and financial statements.
Regulatory Reporting – Investment Funds
Investment funds, including mutual funds, hedge funds, and private equity funds, are subject to regulatory reporting requirements. These reports may include information about the fund’s assets under management, investment strategies, performance, and investor disclosures.
Regulatory Reporting – Banks and Financial Institutions
Banks and financial institutions are required to submit regulatory reports to regulatory bodies, such as central banks and financial supervisory authorities. These reports include financial statements, capital adequacy reports, liquidity reports, risk management reports, and anti-money laundering reports.
To use any of our Concepts within a search, simply add the Concept of interest to your basic or advanced search, and then add other attributes such as agencies, jurisdictions, or publication dates to further narrow your results.
If our new Operational Concepts apply to your business, don’t forget to select them in your Default Filters so they are automatically added to your search when you access the Timeline or conduct your own searches.
All Concepts associated with regulatory changes are listed in the Details right panel, giving you higher visibility to assess the potential impact of a regulatory change before you review the entire document.
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Our Concept library is expanding all the time. If you have suggested concepts that would benefit you, reach out to us at support@compliance.ai and we’ll work with you to further extend our concept capabilities.
For a list of all Concepts provided by Compliance.ai, please check out our Concept documentation on developer.compliance.ai.
Use upgraded Org Management capabilities to invite new members and ensure your organization is up to date
Organization management is easier and more transparent than ever with our most recent administrative upgrades. If you are an org admin, you can now keep track of your organization members using not only our existing user snapshot report, but also a new, full user audit report. Downloading our new user audit report provides a full history of all changes, including member ID added, role updated, subscription expired, added to team(s) and deleted from teams to ensure transparency.
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We’ve also made a change to improve both the first login experience for clients using SSO. Now, instead of seeing both the Corporate Login and the “standard” login / password setup experience, clients who use SSO will receive an invitation email that focuses exclusively on Corporate Login.
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Note that if your organization your new members will continue to receive our existing first login experience. Setting up corporate login is easy, so if you haven’t yet made the switch, contact us at support@compliance.ai to get started.
Speed up Regulatory Intelligence research: One Source for Regulatory Intelligence: Expanding Regulatory Coverage
We continued expansion of our regulatory coverage. You can now follow recent regulatory updates across specific lines of business and jurisdictions across a variety of business and operational topics and jurisdictions:
Asset Management: related updates from Belgium and Switzerland.
Antitrust/Competition: related updates from Canada.
Banking: related updates from Australia, Ireland, Luxembourg, Netherlands, United States (Federal).
Consumer Protection: related updates from Ontario, Alberta, and British Columbia.
Finance: related updates from Australia, United Arab Emirates (ARE), Canada (Federal), European Union, France, Germany, Quebec, United States, Luxembourg, United Kingdom, and Qatar.
Legislations: related updates from France, Luxembourg, Mexico, New Mexico, New York, and South Carolina.
Securities: related updates from Ontario (Canada), Canada (Federal), Indiana, Switzerland, and the United States.
Australia: updates from the Reserve Bank of Australia (AUS-RBA) and the Council of Financial Regulators (AUS-CFR).
Belgium: updates from the Belgian Asset Managers Association (BEL-BEAMA).
Canada: updates from the Canadian Association of Financial Institutions in Insurance (CAN-CAFII), Competition Bureau Canada (CAN-CBC), Canada Department of Finance (CAN-DOF), Mutual Funds Dealers of Canada (CAN-MFDA), Intercontinental Exchange NGX (ICE-NGX), Ministry of Service Alberta (CAN-ABMSA), British Columbia Consumer Protection Authority (CAN-BCCPA), Ontario Ministry of Public and Business Service Delivery (CAN-ONMPBSD), Ontario Securities Commission (CAN-OSC), and Autorité des marchés financiers (CAN-QCAMF),
European Union: updates from the Intercontinental Exchange. Futures Europe (ICE-FEU).
France: updates from the Autorite de Controle Prudentiel et de Resolution (FRA-ACPR). Autorité des Marchés Financiers (FRA-AMF), and the French Parliament (FRA-PARL).
Germany: updates from the Federal Agency for Financial supervision Germany (DEU-Bafin).
Ireland: updates from the Central Bank of Ireland (IRL-CBI),
Luxembourg:updates from Luxembourg Bankers Association (LUX-ABBL), Luxembourg Official Journal (LUX-CDD), Government of:Luxembourg (LUX-GOV), and the Luxembourg Ministry of Finance (LUX-MFIN).
Mexico: updates from the Federal Government of Mexico (MEX-COU).
Netherlands: updates from De Nederlandsche Bank (NLD-DNB).
Qatar: updates from Qatar Financial Markets Authority (QAT-FMA).
United Kingdom: updates from the HM Treasury (UK-HMT).
Switzerland: updates from Switzerland Asset Management Association (CH-AMA), Swiss Stock Exchange (CH-SIX),
United Arab Emirates: updates from Dubai Financial Services Authority (ARE-DFSA), and the UAE Ministry of Finance (ARE-MOF).
United States: updates from the Chicago Mercantile Exchange (CME), Federal Deposit Insurance Corporation (FDIC), Financial Industry Regulatory Authority (FINRA), Intercontinental Exchange, Clear Credit (ICE-CC), Intercontinental Exchange, Clear US (ICE-CUS), Intercontinental Exchange, Futures Europe (ICE-FEU), Intercontinental Exchange, Futures US (ICE-FUS), Intercontinental Exchange, Inc. (ICE-SRO), National Futures Exchange (NFA), Arkansas General Assembly (AR-GA), Indiana Securities Division (IN-SD), New Mexico Legislature (NM-LEG).
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Tip of the Month: Simplify user management with SCIM.
If your organization uses an Identity Access Management solution such as SailPoint, Okta, or Microsoft Azure, now is a great time to talk to us about simplifying user provisioning and management by integrating your own user management system with the Compliance.ai platform.
Please visit Agency Sources within the documentation section of our Developer Platform website and bookmark the pages as we update them frequently!
Update your Default Filters at any time to take advantage of our new regulatory sources.
We hope you enjoyed this product update!
Client feedback is always welcome. Please contact our support team with any questions or feedback or schedule a time to review our new features. Remember that you can always access the Training Center under the Help (?) section of the platform for more information.
Regtech Compliance Solution
Regulatory Coverage
Asif Alam
CEO & Board Member
Asif Alam is the Chief Executive Officer at Compliance.ai. A leader in shaping disruptive technology, his experience includes building products using AI and natural language processing for GRC, payments, lending, risk, trading, and new solutions, from Fortune 500 companies to startups.
In his most recent role, he served as the Chief Strategy Officer of ThoughtTrace, unlocking new revenue streams and markets, and reignite portfolio growth. ThoughTrace was then acquired by Thomson Reuters in 2021.
He brings more than 20 years of management and business experience; increasing profitability, unlocking new revenue streams and markets, and reignite portfolio growth for companies like Thomson Reuters, Crux Informatics, and Finastra. Asif is a forward-thinking expert driving engagement via client forums, public presentations, and white papers.
Cesar Lee is a Principal at WRV, a venture capital fund focused on early-stage investments in hardware, semiconductor, and other technology-related companies. Previously, he was an investment professional at Riverwood Capital, a technology-focused, late-stage venture capital, and private equity fund. He began his career at RBC Capital Markets, where he was part of the Mergers & Acquisitions group for two years and the Equity-linked & Derivatives group for one year. While at RBC, Cesar spent a majority of his time working on M&A advisory transactions for technology companies.
Cesar’s investment experience includes buyouts, later stage, early stage and seed rounds. Cesar has completed transaction in the U.S., Latin America, and Asia, and in technology sectors including data centers, software, semiconductors, consumer electronics, robotics, big data, and internet.
Maria Devassy is a RegTech, Content, and Technology leader with over 20 years of experience helping companies bridge the gap between technology, product, and business. Maria has held leadership positions with MetricStream, KPMG, Oracle Corporation, and other technology companies. She has launched several successful RegTech products, business partnerships, and advised Fortune 100 clients on risk management, audit, advisory, and compliance business across Industries.
Hugh Cadden is a recognized expert in derivative financial and trading markets including futures, options, and swaps. Hugh is currently a senior consultant and expert with OnPoint Analytics, Inc. an economic, finance and statistical consultancy specializing in expert testimony for complex litigation. He has been specializing in the organization, operation, and regulation of financial and trading markets for over 40 years. Hugh’s experience includes both the public and private sectors and he has held senior level positions with the U.S. Commodity Futures Trading Commission including serving as Director of the Division of Trading and Markets and Deputy Director of Enforcement. He has been qualified as an expert on financial and trading market matters before the Commodity Futures Trading Commission, the Securities and Exchange Commission, the U.S. Tax Court, Financial Industry Regulatory Authority, National Futures Association, American Arbitration Association and federal courts.
Drake Ross is a former bank regulator who specialized in compliance with consumer protection regulations while at the OCC, FDIC, and OTS. While at these agencies, he provided extensive training and guidance and developed materials to ensure full comprehension and proper application of rules, laws, policies, and guidance, and served as a Subject Matter Expert in numerous areas. Because of his expertise, he often presented at agency and industry events. He also played a significant role in successful windup of the 2008 IndyMac Bank failure, where because of his extensive knowledge of the FDIC deposit insurance regulations, he was called upon to administer highly-complex insurance determinations.
Carliss Chatman is an Assistant Professor of Law teaching Contracts, Agency and Unincorporated Entities, Corporations, and Transactional Skills. Her work is influenced by over two decades of service on non-profit boards and involvement with community organizations. Through leadership positions, she has developed expertise in corporate governance and non-profit regulation. She has also been instrumental in strategic planning and fundraising efforts. Prior to law teaching, Professor Chatman was a commercial litigation attorney in Houston, Texas. In practice, she focused on trial law, appeals and arbitration in pharmaceutical, health care, mass torts, product liability, as well as oil, gas, and mineral law. In addition to negotiating settlements and obtaining successful verdicts, Professor Chatman has also analyzed and drafted position statements regarding the constitutionality of statutes and the impact of statutory revisions for presentation to the Texas Legislature.
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Mariam is an Operating Principal at Cota Capital. Mariam has experience providing guidance on strategic and operational planning to Venture and Growth stage companies. Prior to Cota Capital, Mariam spent her career in management consulting as a Director at KPMG. She has experience leading global transformation programs and developing innovative service offerings for Fortune 500 companies in the Technology sector. Mariam has an MBA from UCLA’s Anderson school of management with an emphasis in Finance and Entrepreneurship. She has a Bachelors in Science in Finance and a Bachelors in Science in Economics from Santa Clara University.
Chris Callison-Burch is an Associate Professor in Computer and Information Science Department at the University of Pennsylvania. His research interests include natural language understanding and crowdsourcing. He has served the Association for Computational Linguistics as the General Chair for the ACL 2017 conference, as an action editor for the Transactions of the ACL, as an editorial board member for the Computational Linguistics journal, and an officer for NAACL (the North American chapter of the ACL) and for SIGDAT (the special interest group for linguistic data and corpus-based approaches to natural language processing)
Tom Ladt is an experienced executive and investor. Tom has lead and served on the boards of several public and private companies serving highly regulated industries such as technology, healthcare, real estate, and food processing. Tom has also served in key governmental roles and on numerous community boards.
Jeroen Plink is a global executive with a proven track record of developing and growing businesses, teams, and technologies with innovation and passion. Jeroen was CEO of Practical Law US during its acquisition by Thomson Reuters. He now serves on numerous boards and acts as a strategic consultants for start-ups.
Global Legal and Compliance executive with 15+ years of success in the SaaS technology and financial services industries. Partner to the CEO and executive team in corporate transactions, business development, product expansion, and regulatory navigation during periods of intense growth and organizational change. An advocate of effective risk management that starts with sound business practices and putting the customer first.
Richard Dupree has held multiple Risk, Compliance and Operations positions at regional, national, and global financial services firms including Wells Fargo, Silicon Valley Bank, Bank of the West and BNP Paribas. Rick currently advises FinTechs and RegTechs and sits on industry panels, contributes to industry whitepapers, thought leadership efforts, and speaks at industry seminars on Risk and Compliance challenges faced by banks and FinTechs.
Brian advises clients on legal and regulatory compliance in the financial, tech, and procurement sectors. His passion is helping businesses succeed in heavily regulated environments. As counsel and trusted advisor to businesses of all sizes, and as a former regulator, policymaker, and federal official, Brian acutely understands the unintended burdens that even well-intentioned government requirements can put on innovation and business growth, as well as how to create policies that strike the right balance.
Brian served as National Ombudsman in the Obama Administration, leading the federal Office of Regulatory Enforcement Fairness in assisting hundreds of startups, entrepreneurs, and small business owners in every industry and every state.
Dr. Marsha Ershaghi Hames is Managing Director of Strategy & Development at LRN, a leader in advising and educating organizations about ethics and regulatory compliance, as well as corporate culture, governance and leadership. With the focus of inspired behavior versus required behavior, LRN is a leading voice in the industry for companies to build ethical cultures instead of “check-the-box” compliance approaches. She’s advised Department of Justice corporate monitors on successful program transformation under CIAs (Corporate Integrity Agreements. With over 20 years of experience in leading multinational ethics and compliance strategies, Marsha has become a highly sought-after thought leader on leading Corporate Compliance and Ethics practices.
Carla Carriveau is currently the Senior Managing Counsel at Wealthfront, an automatic investment service firm in Redwood City, California. Carla was previously Senior Counsel, Division of Trading and Markets, at the United States Securities and Exchange Commission. As a former regulator with over 15 years of experience in helping small businesses navigate legal and regulatory needs in the financial services sector, Carla advises Compliance.ai on financial services regulation, the regulatory landscape and industry practices.
