September 30, 2021

illumis Compliance Product Update: Political Contribution Certifications

We’re continually updating our political contribution compliance platform to better serve our customers. We’re excited to highlight the newest functionality in our latest feature update.

The new “Certifications” tab in the platform enables you to deploy and track employees’ certifications of their political contributions in the illumis system. By adding the certifications functionality, the platform can help your workflow around political contributions — allowing you to monitor and report on their preclearance requests, contributions, and attestations all in one place.

With the new update, you’ll be able to send out a certification form to your employees - including their preclearance requests, and allowing them to attest to any political contributions they have made. You’ll also be able to use the feature for other certifications as well.

If you have any questions about this new functionality or would like to set up a time to connect with our team, please send us an email at [email protected]!

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.