Thursday, 19 November 2015

UK bank compliance staff want to change careers as they fear being jailed

Banks’ crime fighters want to quit their jobs
From The Telegraph –

“Banks could face an exodus of crime-fighting staff, as most compliance officers – who are responsible for making sure banks obey the law – want to quit their jobs.

The biggest worry for regulatory, compliance and anti-money laundering staff is the risk that they could go to jail if they fail to stop rogue colleagues breaking the law, according to a study from the British Bankers’ Association and LexisNexis Risk Solutions.

As a result, 54pc say they would leave the industry if an opportunity arose.”

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