Thinking outside the (check)box: The role of the BSA Officer/MLRO
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Description
"Fighting financial crime" has long been a rallying cry within the AML profession, but could this way of thinking actually be doing us all a disservice? While an admirable goal for any compliance risk management program, it may actually be too limiting and overlook how the BSA Officer/MLRO role can also drive business strategy and growth. In this episode of KYC Decoded, host Alex Pillow welcomes Vic Maculaitis, 3-time board-appointed BSA officer and founder of i3strategies, a consultancy that works to modernize the financial crime risk and compliance ecosystem. This provocative and candid conversation explores: the primary responsibility of a BSA officer; outcomes over checkboxes; compensation for compliance officers; and how generative AI plays into the future of the industry.
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