September 26, 2019

Two New Tools for Compliance Teams

Standalone Searching and Enhanced Candidate & Committee Data

The illumis team is happy to announce two major releases for our political contribution monitoring platform. Standalone searching and enhanced candidate and committee data will help streamline workflows for compliance teams.

The new standalone search functionality makes it easy to do ad-hoc searches across our entire data set for individual contributors and companies where ongoing monitoring may not be necessary. And the enhanced candidate detail data provides additional details around the candidates and committees receiving contributions. This can significantly cut down on research time by pulling in additional details on candidate and office details.

Standalone Searches

Need to run a one-time check on an employee or new hire, but don’t need ongoing monitoring? We’ve added a new search functionality to the platform that makes these searches easy to perform - separate from the broader monitoring functionality. These searches still have all of the advanced filtering functionalities you’re able to use in monitoring to help eliminate false positives, and it is easy to export a quick report for any search.

Enhanced Candidate & Committee Data

We’re now augmenting contribution records with a substantial amount of additional candidate and office data, pulled in from separate filings and displayed across the platform. This added data will make it easier for users to see more clearly which candidate a contribution is actually going to, what position they hold or are running for, whether they are an incumbent and other details depending on the jurisdiction. Rather than having to do a lot of additional research around a contribution record, you’ll have that information pulled directly into the platform.

Please Note: This post was updated in June 2020 to reflect our company’s new name: illumis


compliance updates
Pay-to-play regulations (and associated risk) doesn’t simply turn off during the off-election years.
compliance updates
Fact: political contributions are on the rise.
compliance updates
Political activism is at an all time high. And with it? The pay-to-play risk for financial firms who rely on government contracted work. As the number of state and local pay-to-play rules increase, so do the number of stipulations compounding the complexity for firms potentially already struggling with the risk of violation. Not only do firms have to worry about complying with commonly known federal regulations like the SEC and FINRA pay-to-play rules, but also additional, specific state or local rules.