In the news
- Medicare fraud fugitives evade capture
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The Benitez brothers were masters of Medicare fraud, prosecutors say.
They spent their Medicare millions on Mediterranean-style homes, apartments, hotels, boats, a helicopter, even a water park -- all in the resort area of Bavaro, Dominican Republic, court records show.
- Published in the Miama Herald August 5, 2008
- Complinet appoints Nick Discombe as chairman of board of directors
- Published in FX-MM.com June 3, 2008
- Complinet adds Nick Discombe as chairman of board of directors
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Complinet announced that it has appointed Nick Discombe as chairman of the board of directors as a non-executive director.
- Published in Finextra.com on June 2, 2008
- Anti-social networking
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Paul Johns of Complinet looks at how your online profile could ruin your travel plans, your career, and your life - should you be worried?
- Published on The British Computer Society in May 2007
- Complinet expands regulatory affairs team
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Complinet, the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry, today announced a further expansion of its Regulatory Affairs team based across London, New York and Dubai.
- Published on Finextra.com on May 27, 2008
- Complinet closes successful 2007 and prepares for further growth in 2008 as market conditions fuel demand for more efficient compliance solutions
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Complinet achieved strong double-digit revenue growth in its financial year, which ended on March 31, 2008.
- Published in Bobsguide.com on April 29, 2008
- Complinet and Steven Lofchie Simplify Compliance Processes With Launch of Next-Generation Compliance Solution, ‘Lofchie's Procedure Manuals’
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Complinet has teamed up with Steven Lofchie, partner at the law firm of Cadwalader, Wickersham & Taft LLP and the author of Lofchie’s Guide To Broker-Dealer Regulation, to deliver Lofchie’s Procedure Manuals. These are innovative compliance and supervisory procedure manuals that have been produced under the direction of Mr. Lofchie to address the needs of financial firms for procedures that are industry-standardized, comprehensive, and straightforward and that will be maintained so that they are never out of date.
- Published in Compliancehome.com on March 26, 2008
- Edward Jones adopts Complinet's compliance software
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Edward Jones plans to use Complinet Policy Manager for synchronising the compliance manuals of its operations in different parts of the world. According to Complinet, a provider of risk and compliance software to the financial services industry, Policy Manager will equip the global compliance team of Edward Jones with information and will increase the speed of policy adoption and minimise duplication of work.
- Published in CBROnline.com on Feb 27, 2008
- Edward Jones beefs up compliance with Complinet
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Financial services firm Edward Jones has rolled out Complinet Policy Manager for use by its compliance functions in the United States, Canada and the United Kingdom.
- Published on Accountancyage.com on Feb 22, 2008
- Complinet's 4th Annual Compliance Awards celebrate a decade of success
- Published on Bobsguide.com on January 21, 2008
- The Lifecycle of Regulatory Change
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Paul Johns, CMO of Complinet, tracks the long and winding road from financial service regulatory proposal to internal corporate policy change. Johns notes that if these companies are unable to update and enforce internal policies and controls in line with regulatory change they are exposing themselves to the risk of censure, investigation, loss of professional reputation and severe legal repercussions.
- Published on eCommercetimes.com on January 10, 2008
- Have your say in the lifecycle of regulatory change
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Susannah Hammond, regulatory affairs executive at Complinet, discusses regulatory change in the financial services industry, what happens during the process, and how businesses should react.
- Published on ITBusinessedge.com on December 14, 2007
- Banks on Facebook? Operational Risks, Operational Rewards
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Millions of bank customers are revealing all on social networking sites such as Facebook, but are they putting themselves and their banks at risk, or could the new fashion for online information-sharing provide a useful source of competitive advantage for banking institutions?
- Published on GTNews.com on Dec, 6 2007
- Caught by the Net: How your online profile could ruin your travel plans, your career, and your life
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With US and Canadian border guards increasingly using freely available online information to conduct background checks on travelers, banks should be careful not to follow their example, says Paul Johns, chief marketing officer, Complinet.
- Published on Bankersonline.com on November 26, 2007
- Social networks: To ban or not to ban?
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IT security teams across the globe must be getting used to requests to ban employee access to certain websites. While employers have long been advocates for blocking staff access to sexually explicit web content, the list of no-go sites has recently expanded to include social networking sites such as MySpace, Facebook and Bebo. Paul John, CMO of Complinet, discusses the pros and cons for banning these websites.
- Published on SCMagazineus.com on November 7, 2007
- UK global compliance firm is coming
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UK-BASED online regulatory solutions company Complinet will launch in Australia in May. Complinet services 79% of the Fortune 500 global financial services firms.
In an informal preview, Nick Roberts, founder and group executive APAC, told InsuranceNewsAustralia.com that Complinet was about to enter the Asia-Pacific market.
In around one month's time Complinet will announce its entry into the Asia-Pacific region, with offices in Sydney, Melbourne and Singapore and an editorial presence in Hong Kong.
Mr Roberts was willing at this time to take the opportunity to provide some information on Complinet’s plans for the region.
Complinet is a dedicated compliance solutions company, world-renowned for information and technologies that help financial services firms reduce their exposure to risk – “which we do cost effectively and without compromise,” Mr Roberts said.
“Despite the two peak regulators’ efforts toward a more streamlined approach, regulation in Australia remains complex and onerous,” he said.
“Scrutiny from the Australian Securities and Investments Commission, Australian Prudential Regulation Authority, Australian Transaction Reports and Analysis Centre and the global implications of legislation such as Basel II and the USA PATRIOT Act, mean regulatory challenges remain real and ongoing.
“For more than 10 years, Complinet has helped firms across the globe actively manage their compliance and regulatory risk requirements.
“Our 1500 clients include 80% of the most heavily regulated and respected firms and banks in the world. “Now, to better serve our extensive client base across the Asia Pacific region, Complinet is opening 3 regional offices.”
Complinet customers include all of the Fortune 500 top 20 global financial services firms; 79% of the Fortune 500 global financial services firms; 72% of the top 25 The Lawyer global 100 firms, and all of the “magic circle” law firms.
Customers that Complinet says it has helped to meet compliance challenges include: ING Group, AXA, Prudential, Zurich Financial Services, Standard Life Assurance, Swiss Re, Sun Life Financial Services, Allianz, Berkshire Hathaway, Swiss Life, Nationwide.
- Complinet focuses on two initial targets
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COMPLINET, the compliance solutions company coming to Australia, will have two initial product focuses in the Australia and Asia-Pacific region.
These will be anti-money laundering and counter terrorist financing and regulatory insight.
Nick Roberts, founder and group executive, APAC, told InsuranceNewsAustralia before flying back to London, the first focus was on anti-money laundering and counter terrorist financing.
The facility was Complinet Global Screening, a total end-to-end solution that connects AML news; know “your” customer, due diligence, and anti-fraud activities in a unified risk-based approach.
Complinet Global Screening ensured that users received the best information, training and operational services available, he said.
“Our deployment options include: Online – single name check through to fully integrated enterprise-wide solutions; Client-side application, and Integrated data feed.”
Others were “KYC Bureau and detailed due diligence reporting (managed service), fully scalable to an organisation’s individual level of requirement: from a single name or entity check through to an integrated enterprise-level solution for high volume retrospective and ongoing checking and case management.”
The other initial product focus was on regulatory insight.
“Complinet Regulatory Insight combines the compliance expertise of our dedicated team of in-house writers and journalists with authoritative contributors, to provide an unrivalled database of global regulatory change, intelligence and interpretation.
“Complinet’s Tracker is the industry's first, enterprise-wide early-warning system for upcoming regulatory developments. Tracker continually monitors important regulatory events at more than 50 major international regulators and exchanges.
“Coverage includes US, UK, EU, Middle East, Hong Kong and Singapore regulators and exchanges,” he said. Tracker currently was being extended to include Australian and New Zealand data to compliment Complinet’s outreach in this market.
Complinet, founded in 1997, is headquartered in London and has an individual position in the financial services industry.
At this time, it is said to service more than 1200 companies, including about 80% of the world’s leading financial services firms, such as Morgan Stanley, UBS, Edward Jones, and Royal Bank of Scotland.
The company’s solutions combine deep regulatory insight with innovative technology that provide timely information, analysis and risk management services to more than 100,000 compliance and legal professionals across 81 countries, said a company statement.
On March 18, UK financier Fidelity Equity Partners invested £18.5 million (about A$43 million) to acquire a significant minority stake in the company.
- Complinet launches global Online Networking Community for compliance professionals
- This article in Wall Street and Technology announces the launch of the world’s first free global online compliance networking community - MyComplinet. With more than 18,000 members already, and an expected community of more than 100,000 in 3 years, MyComplinet has become a key point of information exchange for many in the industry. The article explains the benefits of this type of service in a principles-based regulatory environment, and the collective value of a community to share experience, best practice and information about regulations and compliance.
- Written by Melanie Rodier.
- Published in Wall Street & Technology on 2 November 2007.
- Keeping pace with compliance
- Compliance is marked by ever-increasing complexity and an abundance of information. In this article by KMWorld, Paul Johns, Complinet's chief marketing officer, discusses how software solutions are helping to ease the burden by automating and connecting the processes that are required for compliance.
- Published in KMWorld on August 31, 2007.
- Facebook fodder
- Millions of bank customers are revealing all on Facebook, but are they putting themselves and their banks at risk, or does the new mania for online public living present useful information-gathering opportunities for banking institutions? By Paul Johns, chief marketing officer, Complinet.
- Published in Finextra.com on August 22, 2007.
- Newly Formed SRO Points Toward Principles
- The newly formed Financial Industry Regulatory Authority has signaled a shift to a more principles-based approach to regulation. This article outlines the background to the formation of FINRA. It also discusses the likelihood that the self regulatory organization's new rules will place the onus on regulated firms to decide how to reach desired outcomes, rather than depend on check-list procedures for compliance. Paul Johns, Complinet's chief marketing officer, and Nicole Lefort, head of compliance services at Complinet, comment on the impact this shift towards a more principles-based regime will have on the compliance professional in a market that has traditionally been defined by a more prescriptive approach.
- Published in Securities Industry News on August 6, 2007.
- Think you’re compliant? Think again
- Peter Williams, senior analyst at Bloor Research, highlights the challenges associated with keeping policies up-to-date in today’s heavily regulated marketplace. The article identifies solutions to the challenges posed, and Chris Pilling, Complinet’s CEO, comments on Complinet’s contributions to the optimizing of the compliance process.
- Published in IT Director June 28, 2007.
- Finance firms fear Mifid as implementation date looms
- This article highlights industry concerns regarding MiFID implementation identified in a recent Complinet survey. Greg Kilminster, group managing director at Complinet, comments on some of the industry’s key concerns, including what best execution means in practice.
- Published in Computer World UK on June 26, 2007.
- Companies Shaping the Future of Finance
- Complinet is named in Financial News’ second annual list of 21 technology companies for the 21st Century – which identifies innovative businesses with the potential to shape the industry landscape in the new millennium.
Companies are selected for their innovative technology, a clear vision of how they might improve the markets in which they operate and a track record of success. - Published in Financial News June 25, 2007.
- More than 100,000 Sign Up for Compliance Help from Complinet
- Forbes.com reports on Complinet’s continued growth as more and more compliance professionals turn the company’s unique approach to connectivity to drive compliance intelligence and operations in the financial services sector.
- Published in Forbes.com on June 11, 2007.
