Day: August 18, 2021

FINRA: Ensure Outsourced Activities Meet Regulatory Requirements

On By CC360 Staff

The Financial Industry Regulatory Authority (FINRA) issued a notice last week warning member firms of their obligation to maintain a supervisory system for business activities outsourced to third-party vendors. Financial firms are increasingly using third-party vendors to carry out their business and regulatory oversight functions, FINRA said in its notice. Read More

DoJ Bribery Unit Head Vows to Look ‘Under the Hood’ of Compliance Depts.

On By CC360 Staff

The U.S. Justice Department has appointed David Last as head of the Foreign Corrupt Practices Act unit, a high-profile division that investigates and prosecutes bribery cases. Last had served as acting chief of the FCPA unit since April 2020 and will now hold the position on a permanent basis. The Read More