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With respect: I know you're a professional at this, but I work with many startups who need named compliance officers for HIPAA or AML purposes, and it is the CE
by patio11 12y ago
With respect: I know you're a professional at this, but I work with many startups who need named compliance officers for HIPAA or AML purposes, and it is the CEO virtually everywhere. This decision is generally made less out of hubris and more because a) the position has a very high ratio of requiredness to actual duties and b) legal advisors recommended that naming the CEO as opposed to a summer intern would suggest enthusiastic compliance.
Who gets tapped for this sort of thing in your world?
- anigbrowl 12y agoOh, I didn't mean it was hubristic being the compliance officer! I meant shoveling all the BTC around while knowing he didn't have even a figleaf of deniability (eg blaming an internal miscommunication with someone else who was in charge of compliance). He had to know it was enormously risky.