Understanding where compliance risks are lurking in your business, and whether or not the controls in the first and second lines of defence are effectively mitigating those risks is of critical importance to Compliance Heads and Senior Management.
Client Transitions: Navigating Tricky Waters
Navigating the tricky waters of migrating clients from one platform to another is a difficult yet frequent undertaking in Financial Services.
Client Transitions / Data Migration
An in depth insight review into the challenges of client transitions between platforms and the services offered by New Link Consulting.
Sanctions and KYC following the Russian Invasion of Ukraine
“Businesses need to take basic steps to investigate their own potential links to sanctioned Russian businesses and individuals, or else face the potential for what should be an avoidable worst-case scenario…You are supposed to be screening absolutely everyone you do business with — suppliers, customers and partners. This is a strict liability, and it doesn’t matter if you didn’t know.” …
The FinCEN Files – Our Perspective
Over 2,100 Suspicious Activity Reports (‘SARs’) that were filed with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) between 2011 and 2017, have been leaked to BuzzFeed News and investigated by a team of reporters from the International Consortium of Investigative Journalists (‘ICIJ’). There has been no question regarding the authenticity of the documents. The ICIJ is drip-feeding the results …
Assessing the Effectiveness of a Compliance Function
Whilst many firms may think that their Compliance arrangements are purring along just nicely thank-you-very-much, there are not many who can say – never mind actually evidence – that their Compliance function is doing everything just right. Compliance departments, in this very changeable world, are not immune to the need to grow, develop, and improve. Senior management will want to …
Transforming CLM Operations
Whilst most of the Client Lifecycle Management (CLM) commentary out there touts technology, automation, robotics and artificial intelligence as the answer to all of your CLM and client on-boarding challenges, New Link Consulting takes the view that many firms should be spending their time fixing some of the more fundamental challenges of CLM before investing in the newest, shiny thing. …
Transformation from back to front office
Customers of banks have new expectations, sometimes driven by their own technology. This article discusses the pressure on banks to change their technology quickly.
ClearCompress Announcement
Tullett Prebon announces collaboration with ClearCompress London , December 1, 2017: Tullett Prebon, part of TP ICAP Group, the world’s largest interdealer broker, is pleased to announce that it has agreed a collaboration with ClearCompress to extend its OTC portfolio compre ssion service for financial products , i nitially targeting cleared trades. Portfolio compression refers to the process by which …
IWD 2020: Strength Through Diversity
International Women’s Day celebrates the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating women’s equality. New Link Consulting holds the values of gender equality and diversity as a central part of the fabric of our organization. We consider it a crucial aspect of our culture and success. In recent years, …