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June 12, 2009


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Brad Garland

Great post and I couldn't agree more. This is something we are trying to work towards by infusing collaboration into the compliance effort and instead of having a limited few handling compliance to decentralize the process across the organization and throughout the year to be continuously compliant instead of the 'hills and valleys' of today.

The collaboration piece of it is no question a cultural thing and is one of the most difficult pieces of the continuous compliance process we find.

Pierre Karsten

Good to have this discussion. From my study on compliance in the payment industry I came to the recommendation of a 'trust' officer or a trust function within companies and self regulatory bodies as trust is a/the key asset in the payment, and banking, industry. Trust involves elements such as e.g. perceived risk and integrity, thus also with cultural elements. As such a compliance officer follows regulation but a trust officer will more pro-actively set up a framework of trust matching industry and regulatory compliance.

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