Oct 11, 2021
There are hundreds of cases in the field of compliance where people create problems for themselves, when, in reality, those problems do not exist! In today’s episode, I’m going to talk you through three of the common fears around compliance in FinTech companies, and why these fears are unfounded.
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Today's episode:
[00:56] How I have structured today’s episode.
[01:32] Problem number one: How do we decide whether or not we need articles of incorporation or association?
[02:13] Why companies collect verification about their customs.
[04:20] Circumstances under which you don’t need to collect articles of incorporation or association.
[05:48] A question I was recently asked by a client about data retention.
[06:50] Why a company may decide to keep customer information for a period longer than five years.
[08:02] Unrealistic fears that compliance officers have around keeping customer information.
[09:46] Dealing with risk categorization in European territories.
[12:28] Approaches to risk categorization that are unnecessary.
[13:30] How to simplify the “problem” of risk categorization in European territories.
Show links: