International compliance – a new era for SMCR

(Opalesque) Andrew Shrimpton, Executive Chairman of Compliance Consulting: With great power comes great responsibility. Yes, but in the era of SMCR, heads of compliance have found out that even a medium amount of power now comes with an almost unpalatable amount of personal accountability – and legal jeopardy. In many cases, this has already resulted in an unseemly game of buck-passing, as senior managers attempt to work out who is legitimately responsible for what – and what can be distributed elsewhere.

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