005 - When Does it Make Sense to Hire a Compliance Professional?

<p><span style="font-weight: 400;">Are you hesitant to hire a compliance expert because you are not sure if you need one? Listen as Yana discusses when it's time to hire a compliance person into your FinTech team and what happens if you unnecessarily delay this decision. Hiring someone from your team that is not a compliance expert to write compliance documents takes forever, can make your company look immature and cause delays. Hiring a compliance expert can keep your company from making mistakes that can potentially get you in trouble and much more on this episode of</span> <a href= "https://directory.libsyn.com/shows/view/id/compliancethatmakessense"> <span style="font-weight: 400;">Compliance That Makes Sense</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p><strong>Today's episode:</strong></p> <ul> <li><span style="font-weight: 400;">[00:34] Hello, my friends, and welcome back!</span></li> <li><span style="font-weight: 400;">[01:38] Yana speaks about the most common issue she sees happening with startups.</span></li> <li><span style="font-weight: 400;">[03:45] One of the common mistakes she sees a lot is using marketing slang and doesn't describe details in the way it is expected.</span></li> <li><span style="font-weight: 400;">[04:55] Another strategy that isn't working is to just do nothing about hiring compliance professionals.</span></li> <li><span style="font-weight: 400;">[06:31] Hiring consultants instead of a compliance expert is expensive and slow.</span></li> <li><span style="font-weight: 400;">[08:42] Yana says hiring a big four is not a safe bet if you want speed and progress.</span></li> <li><span style="font-weight: 400;">[10:08] Is crowdsourcing information a good way to bypass hiring a compliance expert?</span></li> <li><span style="font-weight: 400;">[12:13] Yana recommends hiring a compliance person when you have to do it by