Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3279

AACG launches fraud detection product

RELATED TOPICS​

Advanced Analytical Consulting Group has launched Scientific Fraud Detection, a product that aims to help funds monitor regulatory compliance and identify fraudulent behaviour.

Advanced Analytical Consulting Group has launched Scientific Fraud Detection, a product that aims to help funds monitor regulatory compliance and identify fraudulent behaviour.

It offers customized, rigorous statistical tests that help identify fraudulent behaviour, including behaviour related to trade allocation, portfolio pumping, front running and late trading.

AACG says the regulatory environment for investment management companies is becoming increasingly demanding. Regulators no longer consider spot checks sufficient to demonstrate compliance. The SEC has expressed clear preference for reliable compliance programmes that allow companies to monitor their own activities.

‘Our rigorous statistical tests help investors and investment management companies meet the challenges of this demanding regulatory environment,’ says AACG founder, Daniel Levy ‘AACG assists investors in determining the kinds of tests they should require of their fund managers. AACG works with investment management companies to implement a robust compliance programme that will address the needs of both regulators and investors. Companies that can demonstrate effective, ongoing self-monitoring of investment behavior through rigorous statistical analysis are better positioned to satisfy examination by regulators.’

Latest News

Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..
Discretionary fund manager ebi Portfolios, and asset manager Amundi have launched the SRI portfolio range,..

Related Articles

n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
David Vieira, JTC Group
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately for responsible investors...
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by