When it Comes to Compliance, Compliance Evidence is Everything

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.

To see a complete list of everything included and many more ways to save you time, visit the “Solutions Overview” page. Also, check out the video for a quick glimpse into BasisCode.

Compliance Evidence

By Carlos Guillen, President & CEO BasisCode Compliance (Originally published at Financial Planning)

Some examples of evidence include: testing and certifications, risk assessment, gifts and entertainment, whistleblower, personal trading, insider trading monitoring, automated workflows, reminders, alerts, forms studio, documents portal, extensive reporting and an employee portal. By using BasisCode compliance software, you are able to track and automate many aspects in one place from home or on your mobile app. This is your solution to managing all of compliance in one place. You will not have to piece together many solutions to get results.

About BasisCode Compliance

BasisCode Compliance offers the industry’s broadest set of integrated compliance management software that improves compliance management for asset managers, investment advisors, broker-dealers, compliance consultants, law firms and other professional service providers.  BasisCode Compliance was named a finalist in the compliance technology category of WealthManagement.com’s 2015 Industry Awards, which honors outstanding achievements by companies that help advisors better manage their businesses through innovation.  The intuitive BasisCode Compliance software spans functionality, from testing and risk assessment to personal trading and certifications, compliance evidence, enhancing compliance controls and decision-making for financial services firms and their clients.