Tagged: AML officer

United Bank Risk Officer Agrees to $450k Penalty for AML Compliance Failures

United Bank Risk Officer Agrees to $450k Penalty for AML Compliance Failures

Compliance professionals face extraordinary risks – not just for the enterprise but personal risks.  CCOs should not panic or overreact when the government brings an enforcement action against a compliance officer for a company’s compliance failure. The lesson for compliance officers who work in regulated industries is fairly straightforward – when faced with real compliance problems, compliance professionals have to document efforts to address the...