Dr. No Versus Problem Solving

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  1. I agree with every word of this. In the UK the preference for banks /companies is to recruit young ( undoubtedly  academically bright ) lawyers who have "city " training. Its not enough …compliance  and installing the right programmes  is relatively easy,  but recognising criminal activity and dealing with risk requires EXPERIENCE. My practice is steeped in defending corporate / white collar crime    and serious organised crime  which really does require lateral thinking!

  1. November 9, 2011

    […] must be more proactive than reactive. They must stay away from what Mike Volkov calls the “Dr. No perception” which he characterizes as taking “refuge in mechanical, non-creative […]

  2. July 2, 2012

    […] This is not as easy as it might seem. To do this, compliance officers must walk a fine line. On one hand, they need to be able to say no – or at least to have some sort of escalating consequences when compliance boundaries are crossed. On the other, they need to be careful to avoid “client capture,” i.e., being so supportive of business goals that risks are not fully attended to. They must balance staying firm when necessary, while working to avoid the perception that they are in-house policeman. Michael Volkov warns the compliance world of the Dr. No syndrome. […]