by CSB Group
17th April 2023
When leading a financial services entity, in particular within
the company service provision sector, 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.
Reducing the AML division budget
The reduction by the Board of the AML/Compliance division budget
is one of the areas of concert within businesses' compliance
cultures. Such undermining decision gives rise to the need for
processes, systems and staff compliment to be revisited.
