When leading a financial services entity, in particular within
the company service provision, one needs to be aware of the
consequences of business decisions that could undermine the
entity's business policies, systems and the overall compliance
culture. In this 5-part series of articles, I will analyse 5
business decisions, through the legislative references such
decisions could fall foul of, the impact on the organisation these
decisions could have, and attempt to suggest a course of
action.
Compliance/AML Division bonus scheme linked to the attainment
of new business
The problematic decision to be analysed in this article is that
which causes the Compliance/AML divisions to be seen as business
enablers, having their bonus scheme linked to new business
KPIs.
