Compensation or compromise? The risks of compliance bonuses
By 
Martin Woods2021-01-06T22:03:00
Financial crime expert Martin Woods assesses whether incentivizing compliance officers with bonuses may undermine the importance of performing the job with integrity and credibility.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
ArticleGoldman Sachs 1MDB fallout a case study for bonus risks
As Goldman Sachs cuts the pay of its top executives in response to more than $5 billion in penalties incurred for the 1MDB scandal, Martin Woods once again ponders whether bonuses helped facilitate the improper conduct that took place.
-
ArticleRecordkeeping among a compliance officer’s greatest allies
Martin Woods writes how a recent case in the United Kingdom should remind us of the importance of our own communications and recordkeeping—especially during a time where it has perhaps never been more important.
-
ArticleConfidence is the ultimate tool in fighting fraudsters
Con men will try to bully weak investigators and sell them their version of “the truth,” writes Martin Woods. The ultimate deterrent is to challenge their “facts” and act with the same confidence they display.
More from Opinion
-
OpinionWhen AI acts: The compliance challenge of agentic systems
Artificial intelligence is no longer limited to generating insights or supporting analysis. With every passing day, AI systems are being designed to initiate actions, trigger workflows, and influence outcomes with minimal human intervention.
-
OpinionA snapshot of the state of financial crime in the United States
Financial crime in the U.S. isn’t just evolving; it is accelerating faster than most institutions can adapt.
-
OpinionTips for creating and implementing a global gifts and hospitality policy
Across the globe, gift giving and wining and dining play a role in building business relationships. But be it a tin of cookies, coveted concert tickets, or a gourmet meal, employees should understand what types of gifts and hospitality are acceptable to avoid exposing their company to risk.