Large corporations and firms in recent months have shifted their interest in the compliance realm to behavioral analytics after speculations in CLT arose within the banking community towards the internal behavior of employees rather than regulations externally. With the recent sale of Wells Fargo\u2019s risk department to a Des Moines situated bank regulator, and the movement of minimum wage going up at Bank of America, high rollers in Uptown have certainly paid attention to the practices of their employees more than in years past. As a result, smaller businesses are beginning to look at the same for their long term success.
In search of processes to minimize risk of conflicts of interest or corruption exposure, The Wall Street Journal has recently reported that the regulatory environment with small and large businesses alike would do well to keep up in the rapidly changing times ahead. In addition to asserting the need for an outsourced company to aid in the functions necessary, WSJ further assured that \u201cproactive and predictive behavioral analytics\u2026[would be] critical to developing a mature compliance function that can detect inappropriate behavior before it becomes the norm.\u201d
The current shift in the business industry in CLT has prominent members voicing multiple opinions about topics that include pay wages and rate of turnover, but all with speculation as to what direction business will take for the 2019 year ahead. Companies can\u2019t do it alone, either. Outsourcing compliance regulatory practices has grown by 52% in the past 5 years on the east coast.
One major opinion has manifested in multiple outlets, driven home by the Wall Street Journal\u2019s article this past week. In order for a company to live and breathe on its own, as its own animal, compliance regulations must be started and perfected from within (but with help).<\/p>

In the words of Shakespeare, \u201cno beast so fierce but knows some touch of pity.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t