$10 Billion Dollars for Compliance Professionals! #GATCA

In today’s ComplianceX we report that a major bank predicts the financial industry will be forced to invest over $10 billion to address money laundering activities. In response to unrelenting aggressive regulatory oversight, civil actions, and billion dollar penalties, the financial industry needs to significantly enhance their technology, infrastructure and staffing to meet the never ending demands.

via International Financial Law Prof Blog http://bit.ly/1scwgQR