Effective July 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued a final rule clarifying Customer Due Diligence (CDD) requirements. Covered financial institutions must be in compliance with the final rule by May 11, 2018. However, there is uncertainty as to whether the benefits of greater emphasis on CDD will outweigh the costs of implementing… Read more »
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If you’ve been with the same company for a while, you probably feel settled in your financial compliance job. As comforting as that may feel, you could be missing out on something that may help you feel even greater fulfillment. Here are some tips for determining whether you’re happy with your career or need a… Read more »
By June 26, 2017, all EU member states must be compliant with the European Union Fourth Anti-Money Laundering Directive (AMLD). The Directive aims to improve the effectiveness of combating money laundering from criminal activities and countering the financing of terrorist activities by increasing transparency of who truly owns companies and trusts. Here are a few… Read more »
Although you hire the best financial compliance candidates, they may not be collaborating as well as they could be. As a result, your company may not be moving in the direction you’d like. Follow these tips for authentically relating to your employees and helping them work together to increase production. Know Your Company Environment Talk… Read more »
Organized crime relies on money transferred among people in various countries. Funds are often used to promote further criminal activity such as terrorist acts, drug use or human trafficking. However, compliance officers in financial organizations are on the frontline to help stop these criminal behaviors. Find out how to explain the importance of a suspicious… Read more »
As a highly trained professional, companies are competing to have you work for them. However, you may not be ready to change positions right now. Here are some suggestions on what to do if a recruiter calls and you aren’t looking for a job. Call the Recruiter Back When you have a few moments away… Read more »
Knowing the difference between a whistleblower and a disgruntled employee is important. You’ll be better able to determine whether a company remains compliant with laws or willingly violates them to get ahead. Here are some tips on how a whistleblower differs from a disgruntled employee. Characteristics of Whistleblowers A whistleblower is typically a well-educated, strongly… Read more »
When you encourage open communication in your company, you benefit from the knowledge, talent and insight each of your employees brings to your organization. Your workers feel like valued team members, perform at higher levels and help move your company forward. Here are some tips for increasing constructive discussion within your business. Interview for Independent… Read more »
With additional financial compliance regulations being enforced, it’s increasingly important that employees at all levels adhere to a company’s ethics and compliance program. However, it’s no longer enough simply having those programs in place. Find out how corporate culture plays a vital role in enforcing an ethics and compliance program within an organization. Compliance Programs… Read more »
Chances are you’re searching for your next financial role, but not having any success. Perhaps you’re not being called in for interviews or hearing back after meeting with a hiring manager. Here are five mistakes you may be making that are preventing you from securing a new position. Lacking a Plan When you lack a… Read more »