Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 340+ of our top selling titles.
plus Unlimited access to 30000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at €10,99 per month, unless cancelled.
Upgrade for €1.09
Then just €10,99 / month. Cancel anytime.
Learn more
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Italy version of the site.
Would you like to switch to your local site?
Leggi ovunque Read anywhere
Modalità di pagamento Pocketmags Payment Types
Trusted site
A Pocketmags si ottiene
Fatturazione sicura
Ultime offerte
Web & App Reader
Loyalty Points

Financial Crime and Cyber Security

SEC and FCA warn funds to be vigilant

A recently released paper by AIMA demonstrated clearly that hedge fund firms and other alternative asset managers are playing an important role in financing the economy, providing much needed capital and investment to the SME market, real estate and infrastructure projects amongst others.1 As the sector plays an increasingly mainstream role, issues such as financial crime and cyber security will remain central to further growth. As recent events show, these remain a priority for regulators and law enforcement agencies.

Financial crime

Financial crime seems to have occupied much of the Financial Conduct Authority’s (FCA) time. Earlier this year, in response to an FOI request, the FCA confirmed it is investigating 67 firms or individuals that fall within the Alternative Investment Fund Managers Directive (AIFMD) for possible abuses ranging from financial crime to market abuse. These cases will take time to work through the FCA enforcement process but it is likely that some of the investigations will result in public enforcement action. Separately, the FCA announced the findings from its thematic review into market abuse in the asset management sector, which covered 19 asset management firms. In April 2015, it issued the latest version of its guidelines Financial Crime: A guide for firms which followed on from the FCA Business Plan 2015/16 in which the FCA identified “The importance of firms’ systems and controls in preventing financial crime” as a new forward-looking area of focus for this year.2

Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.