If there was one theme from Compliance Week 2016 it was the continued evolution of the role of the chief compliance officer and the compliance profession. Long gone are the days when someone is sent over from the legal department into the compliance department or worse, some lawyer who is just given the title of chief compliance officer and this is considered a best practice or even sufficient. Representatives from the Justice Department and Securities and Exchange Commission made clear they expect a CCO to know more than simply the laws of anti-corruption but to actually work at compliance in an organization.
