When an inspector calls: How to get the most out of your compliance visit


Jason Kirk, senior compliance field manager at SimplyBiz, explains how to get the most value out of your compliance visits...

After 14 years spent in financial services compliance, the last 12 conducting visits to FSA regulated firms, I have begun to think that people in my line of work have quite a lot in common with dentists (don’t worry, this is not the lead in to a ‘gap-filling’ gag!). Firstly, nobody is ever happy to see us. Secondly, we can tell that when you are saying ”Hmm, yes I’ll definitely start flossing every day / making better use of my back-office system” that at least 50% of you are thinking “Phew, thank goodness that is over and done with, I’ll start thinking about what you’ve advised me do in...

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