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Our experts partner with compliance teams around the world to provide customizable, user-friendly software solutions designed to simplify every-day compliance processes while ensuring you meet the strictest regulatory standards.

Our system offers a host of benefits and reassurances for compliance leaders, compliance teams and technology specialists.

Automated conflict of interest detection and mitigation helps your compliance teams work better, faster and more effectively. The rigor of our reporting, surveillance, certification and security systems provides complete peace of mind for Chief Compliance Officers and board members.

Helping you to detect and prevent market abuses that could jeopardize your reputation and regulatory compliance. Actively manage insider lists and investigate employee trading in the context of current market activity and events.

Clear deals faster. Centralize deal data. Reduce your risk. Compliance Control Room lets you organize, manage, and monitor your firm's most important information flows from a single platform.

Whether for work or pleasure, it’s a mobile world. And a mobile workforce calls for mobile solutions. Introducing STAR Mobile. With STAR Mobile, employees pre-clear activity and report transactions on-the-go. Supervisors review escalated requests anywhere there’s a cell connection.

Ensure employees’ personal trading and investments comply with all regulatory requirements and company policies.

Ensure employees’ personal investments comply with all regulatory requirements and company policies.

Automatically pre-clear client gifts or entertainment to prevent breaches of anti-bribery regulations.

Avoid regulatory compliance breaches arising from employees’ external business activities.

Save time and resources in safeguarding your business from political conflicts of interest among employees worldwide.

Helping you to actively manage employee trading in the context of market activity and events to guard against insider trading.

Create unlimited projects to easily manage and monitor dynamic lists of employees who have access to insider information.

Compliance Control Room's enterprise-level single platform centralizes all your firm's deal-related activity—letting you manage control room activities more efficiently and effectively.

Increase employee participation. Increase data accuracy. Increase responsiveness. STAR Mobile is a native app that makes compliance simple, easy, and convenient.

How Do I Manage Political Donations?

A guide for compliance teams operating in enterprise financial institutions

Surveillance for any kind of employee personal activity is always a challenge. One of the trickiest to track, and one that comes with perhaps the greatest deal of potential liability for enterprise financial firms, is political donations.

Compliance teams have to rely a great deal on voluntary disclosures to do their jobs. Sorting and sifting through this surrendered personal data to determine what's within the rules, what's outside the rules, and what requires further investigation has traditionally been a very manual, very laborious process.

With the advent of automated compliance platforms, life for compliance officers has gotten far easier in this regard, but it still pays to have some broader knowledge of the key elements to look for when putting together a compliance program. Following is a list of the top things to look for.

1. AUTOMATED PRE-CLEARING
One of the benefits of a modern compliance platform should be relief from the kind of time-consuming, mind-numbing decisions that can absorb excess amounts of a compliance officer's time and mental energy. The ability to automatically pre-clear requests is an obvious starting point.

Decisions about whether or not an employee can make a monetary contribution to a political candidate or political entity without putting an enterprise financial firm in violation of say, the SEC's Advisers Act Rule 206(4)-5, can now be made by algorithms. Ideally, employees simply log in to a web-based app, fill out a pre-clearance request form.

In addition, compliance teams can produce customized reports. And the ability to create custom employee profiles, apply donation limits to specific user groups, and set review thresholds should be a given, as well.

 

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2. INTEGRATED SURVEILLANCE
A compliance program and associated software obviously need the capacity to surveil, often many different types of employee activity. In this case, it's political donations that need to be tracked. Look for a platform that collects and integrates data from systems across your firm. This might include HR and employee expense systems.

This cross-referencing of data makes an already robust compliance program even more robust: pinpointing high-risk employees, external contacts, and groups by examining a full spectrum of data. Putting otherwise innocuous seeming personal political activity into a larger context will help compliance teams better sort what's within the rules, what's outside the rules, and what requires further investigation.

3. WISH LIST ITEMS
If you're going for broke, and really want to max out the political donations monitoring capabilities of your compliance program, there are two additional features worth considering.

A beneficiary management capability lets you manage lists of individuals or political entities benefiting from donations made by your employees. This gives the compliance team a more complete picture, as it's able to see both sides of donations activity.

A contribution data service is a third-party feed that supplements the political donations data you've collected from within your firm. With a service that tracks other political donations made in the US, you can be even more sure your firm's donation limits aren't exceeded.

StarCompliance has been developing compliance software and optimizing compliance programs for clients around the globe nearly 20 years. Our surveillance products can track political donations, trades, gifts and entertainment, and outside business activities. Our migrations and integrations team is expert at ensuring firm and third-party data feeds flow smoothly, and all internal and external applications work in proper concert. Find out if StarCompliance has a solution waiting for you. Book a FREE demo today. 

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