In this Compliance That Makes Sense episode, I want to continue the conversation with you about where people get stuck with compliance, and I have a couple of case studies for you to illustrate how this happens. I also want to show you what to do if this happens and, more specifically, what you can do if your bank application or partnership requisition application, or RFP application gets rejected. The obvious question would be, can I reverse it? Can I go back to them in a few months? And what can I do to make it better next time? Before we discuss this, I want to look at the bigger picture and why these things happened in the first place so that you can better understand the context before we go into details and specific examples.

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Today’s episode:

• [00:34] Hey guys, I’m back!
• [01:49] Compliance people and everyone who works with laws and regulations sometimes think their jobs depend on how much they know.
• [02:42] The craziest idea ever is to depend on your technical skills in career progress.
• [04:12] In one case, I wanted to share a bank account application and discuss why they didn’t get approved.
• [06:59] This company operates in some of the emerging markets, so they are potentially risky.
• [09:30] It’s a question of a compelling story.
• [10:37] If you have found yourself in this situation, go back to whoever rejected your application and let them know you are updating your proposal.
• [13:14] Hope this helps, and goodbye for now!

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