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Asset management

Asset managers are responsible for a wide variety of investment vehicles. From mutual and pension funds, to authorized funds to individual's investment portfolios, asset managers perform a critical role in the financial services sector.

With such an extensive range of products and services available to both the wholesale and retail sectors, asset managers have to meet the highest regulatory and fiduciary standards.

With increased regulatory interest in areas such as transparency, unbundling and commissions, the pressure on asset managers and senior management teams to manage regulatory change and compliance risk has never been greater.

Complinet's range of products and solutions has enabled a large number of international asset management firms to manage the extensive "know your customer" and record keeping requirements, keep abreast of fast moving regulatory change, and balance the demands of the business with the demands of the regulators.

Customers that we have helped to meet these challenges include: Citigroup, JPMorgan Chase, Merrill Lynch and Morgan Stanley.

Challenges and Solutions for the Asset Management Industry

Regulatory Requirements	Challenges for Compliance and Risk Management	Resolutions and Solutions
Regulatory obligations arising in multiple jurisdictions	Keeping up with global and local regulatory change Quickly understanding the impact of that change on your operation Deploying the right resource and ensuring rapid compliance across the business Capturing relevant information Informing senior management about significant regulatory changes as they affect the business	Securities and Banking Regulatory Insight Tracker MiFID Regulatory Insight AML Regulatory Insight Securities and Banking e-learning Programs
Enhanced due diligence requirements to fulfill CIP, KYC and AML obligations	Gathering and using varied sources of information to support KYC obligations Unifying all CIP, AML, KYC and due diligence processes. Applying a global approach Managing high-volume retrospective screening Automating ongoing screening Managing counter-party checks Avoiding damaging enforcement actions	Global Screening Electronic identity verification Sanctions, watch and politically exposed person list screening Media searching Transaction monitoring AML e-learning programs
Producing and maintaining robust and accurate procedures and policies that will withstand regulatory scrutiny	Keeping up with regulatory changes Assessing how the firm needs to adapt to meet regulatory changes Keeping manuals up-to-date Keeping policy and procedure consistent Communicating change across the organization Monitoring and auditing staff attestation Keeping track of product risk as regulation changes	Policy Manager Tracker Regulatory Insight Rulebooks

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