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Compliance in Asian Wealth Management Forum 2020 - Highlights - John Shoemaker - Butler Snow

John Shoemaker of Butler Snow

Jan 24, 2020

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1. What are the opportunities and challenges for this industry in the year ahead?

Video transcript

1. What are the opportunities and challenges for this industry in the year ahead?

I believe one of the mistakes one should not make is just because this year's topic is a different topic than last year's, let's just say initiatives on AML, and CFT, to forget about the importance of those. I had mentioned earlier today that the whole compliance thing is actually not just a tick box exercise, but very much a culture that companies should live. Avoiding hassle, and avoiding potentially costly mistakes starts at the very beginning from choosing your clients, choosing VRMs, and just be very, very cautious. Think of it as your own business; is that a risk you want to take or not?

 

 
 

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