BasisCode has completed all available OS updates, patches, and other necessary software updates including Antivirus and SQL Server to all environments. Employee machines will also continue to be updated and validated.
Protecting Compliance From The Meltdown / Spectre Issue
January 22, 2018
BasisCode has been working on the Meltdown / Spectre issue from the moment of the announcement. In our testing environments, we have applied all OS updates and other necessary software updates including Antivirus and SQL Server. We have completed our testing and will be applying these updates to all production environments by January 21st.
Compliance controls top FINRA focus for 2016
February 29, 2016
The quality of a firm’s compliance controls is climbing higher on the priority stack in both the boardroom and on regulators’ examination checklists. In February, for instance, the founder and CEO of a multi-billion dollar human resources software company stepped down over inadequate compliance procedures and internal controls.[1]
Compliance Tech Tip: Resolve to Align Gift & Entertainment Activities with Your Firm’s P&Ps
December 29, 2015
By Carlos Guillen, President & CEO BasisCode Compliance
If you’re a compliance officer making New Year’s resolutions, here’s one to add to the top of your list. Make better use of technology to track and disclose employee gift giving and entertainment (G&E) activity. Software makes it easier for staff and supervisors to align G&E management with a company’s compliance policies and procedures (P&Ps). As recent history shows, firms that fail to do so may pay a steep price long after the confetti and compliance cases settle. (more…)
When it Comes to Compliance, Compliance Evidence is Everything
December 8, 2015
As industry debate intensifies regarding chief compliance officer liability and the perils of outsourcing, compliance professionals should take a closer look at how technology can keep their firms in good stead with regulators. When it comes to compliance management and malfeasance, compliance evidence is everything, and technology can prove invaluable. Regulated firms and those that rely on consultants, third-party administrators, law firms or others to handle compliance can reduce the risk of lapses by leveraging software solutions designed to better manage compliance programs. (more…)
Managing the convergence of compliance and technology
October 15, 2016
By Carlos Guillen, President & CEO BasisCode Compliance
Citigroup recently agreed to pay a $15 million penalty for failing to enforce compliance breaches that technology could have prevented. As evidenced by such high-profile cases, even some of the leading financial firms overlook the role that technology can play in avoiding costly compliance failures.
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