179 Enforcement Actions in the U.S. over past 30 days

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FINRA enforcements increased 21% over the past 30 days

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FTC issued enforcements: $8,726,254.27 over the past 30 days

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165 Final Rules go into effect in the next 30 days

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55 Mortgage Lending docs published in the last 7 days

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5330 docs with 12540 extracted obligations from the last 7 days

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108 new Proposed and Final Rules were published in the past 7 days

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11692 new docs in pro.compliance.ai within the last 7 days

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Download the Q3 Enforcement eBook now!

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Join us Feb 4th at Comply 2021

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Getting ready for the New Year may require a critical change in the way you manage your compliance. Compliance.ai’s CEO and Co-Founder, Kayvan Alikhani discusses the Hidden Costs and Risks of Legacy Management Systems in his latest Forbes article.

Here are some of the key takeaways:

  • Legacy Baggage Adds Numerous Hidden Costs – Financial organizations spent more than $320 million on tracking enforcement actions (EAs) alone between 2008 and 2016.
  • Embrace Best-Of-Breed Software – The fast-paced mainstreaming of best-of-breed RegTech software has led regulators — typically a slow-moving lot — to embrace change.
  • Consult with your colleagues who have adopted best-in-breed SaaS for everything from HR to CRM to testing and development.
  • Prioritize the factors that regulators care about. Is your compliance change management process transparent? Is it repeatable and auditable? Is it agile enough to adapt to future changes?

Read the full post on Forbes Technology Council.

Are you ready to upgrade your Compliance Management System for 2020? Schedule your demo today!

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