Early warning of compliance or regulatory risks is now essential. “I didn’t know” simply will not cut it in the eyes of either regulators or customers.
The year 2020 will be the year directors and senior management at Asia-Pacific firms strengthen their focus on enhanced compliance, to balance commercial initiatives with compliance and regulatory requirements.
As we enter a new decade the challenges, priorities and focus needed from compliance officers continue to evolve. As ever compliance officers will need to be front and center to give their firms the best chance of a trouble-free 2020. There are a range of consistent issues or challenges which all compliance officers, no matter the size, jurisdiction or sector of their firm.