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Out of compliance banks have actual consequences. You can do compliance so badly as a bank that in a single day your entire business can be taken away from the
by colechristensen 3y ago
Out of compliance banks have actual consequences.
You can do compliance so badly as a bank that in a single day your entire business can be taken away from the owners/shareholders and given to a different bank to operate. Literally overnight.
Twitter regulators can fine Twitter for bad compliance to the tune of approximately a nickel.