U.S. financial institutions, sensitive to regulatory demands and hefty penalties, are searching for compliance officers who understand onerous Bank Secrecy Act rules and foreign policies that govern global business operations. They just can't find them. The shortage of compliance professionals equipped to keep pace with the changing regulatory environment has prompted some large banks to lure the government officials who developed or enforced the complex laws and regulations they must follow. Others, however, are forced to hire inexperienced candidates and bank on hopes that they'll learn along the way through seminars, conferences and on-the-job training. Yet, despite the growing demand...
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