A professional within a financial institution or other regulated entity tasked with ensuring adherence to relevant laws, regulations, and internal policies. Responsibilities typically include overseeing compliance programs, implementing controls, and fulfilling reporting obligations.
Main/
Compliance Officer
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Code
AT0062
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Name
Compliance Officer
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Version
1.0
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Category
Professional Services & Advisors
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Created
2025-01-22
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Modified
2025-04-02
Related Techniques
Compliance officers, when corrupted or complicit, can override or neglect standard AML protocols. They may:
- Approve or ignore high-risk activities without conducting necessary diligence.
- Suppress suspicious transaction reports or other red flags, enabling illicit proceeds to pass through internal controls.
- Manipulate internal compliance records, concealing irregularities from broader oversight.