Gap Analysis is a terrible and most inefficient approach to assess any FinTech compliance project. You may be thinking: “Wait, what? Isn’t it how you are supposed to start your compliance analysis..?” Well, yes, we all were indoctrinated to believe and act that way, this is what all compliance gurus Read more…
Many struggling compliance experts believe that to have better compliance and better risk management they need more time, better tools, and more resources. That is how you have probably been trained for years. You have been led to believe that in order to deliver your best, most accurate, most comprehensive, Read more…
A common expectation of first-time MLROs and Heads of Compliance is that their CEO will be their boss. In this episode, I debunk this myth so you, as a new MLRO or Head of Compliance, can enter your new role with your eyes wide open to what your relationship with Read more…
More and more of my students and clients begin to manage compliance as a revenue center and they find this approach to be helpful. If you have not yet considered this approach within your company, here are the most important reasons to try: The majority of the compliance officers admit Read more…
“Not treating compliance as a function responsible for revenues is not just a poor cost decision; it’s simply ignoring the reality of the underlying processes.” In this episode, I explore the defining characteristics of cost and revenue centers and share my thoughts on the problems with looking at compliance as Read more…
Let’s talk about how to prepare for Fit and Proper interviews with regulators. First of all, these interviews don’t happen always. In fact, they are more likely to happen if this is your first-time MLRO, Director, or Board Member role and you are relatively young. In many cases, regulators have Read more…
If you’ve been asked to attend an interview with a regulator, don’t panic! In this episode, I share my advice on how to approach these interviews and the types of questions to expect. If you found value in this episode, I would really appreciate it if you could leave a Read more…
Is your team suffering from Boomers’ Syndrome? If the answer is yes, you are not alone! Tune in today to hear why the traditional approach to compliance is so problematic in today’s world and what you can do to help your team move away from it. If you found value Read more…
Compliance function has attracted a lot of great financial industry experts because it is perceived as a function that plays an important role within any regulated entity, is always needed, and offers great learning opportunities. Many FinTech compliance “newcomers” have asked me whether or not they should do CAMS certification Read more…
If you are a FinTech founder or a CEO, you are constantly selling and your hardest pitches are not necessarily to customers. First and foremost, you need to sell your business model, your technology, and your overall concept to regulators, banks, investors, and partners. You often need approvals and permissions Read more…