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Yes, but compliance officers can be conveniently held responsible. Why would you fire a potential scapegoat? Naturally, compliance officer's are by nature risk
by A4ET8a8uTh0 6y ago
Yes, but compliance officers can be conveniently held responsible. Why would you fire a potential scapegoat? Naturally, compliance officer's are by nature risk averse and apply CYA approach liberally.
- vmception 6y agoThey don’t scapegoat the compliance officer.... there is more of an art to avoiding liability than that. The mere presence of a compliance officer checks the box. A compliance officer sounding an actual alarm can get them fired.