How to Foster a Robust Culture of Compliance in Today’s Uneasy Financial Climate

How does one foster a culture of compliance? It helps to start by looking back at the turn of the century, following 9/11, when compliance became a critical function due to the urgent emphasis placed on it by the regulators. Banks were pressured to improve compliance processes and up their game in terms of knowing their customers, transaction monitoring, and sanctions screening. Enforcement actions, which had already been a stick they used, became the primary means with which regulators drove their point home. Read More on the ACSS Blog