111 - The Best Compliance Is Often To DO NOTHING!

<p><span style="font-weight: 400;">Driven by what I have been hearing from FinTech founders about their experiences with compliance, in today’s episode, I talk about the core three elements of the just-in-time compliance framework, and why sometimes doing nothing is the best compliance strategy of all!  </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:46] The conversation that inspired this episode.  </span></p> <p><span style="font-weight: 400;">[01:07] Complaints about compliance that I often hear from FinTech founders. </span></p> <p><span style="font-weight: 400;">[02:30] Pressure that is commonly experienced by founders. </span></p> <p><span style="font-weight: 400;">[04:48] The three pillars of the just-in-time compliance framework.</span></p> <p><span style="font-weight: 400;">[05:36] Why FinTech founders need to pay attention to all three elements of the framework.</span></p> <p><span style="font-weight: 400;">[07:40] The hardest part of the framework to implement (which is also the hardest part to teach). </span></p> <p><span style="font-weight: 400;">[08:22] Some of the most common decisions that FinTech founders need to make that require some risk-taking. </span></p> <p><span style="font-weight: 400;">[11:17] Why doing nothing makes people feel uncomfortable, even when it’s the right thing to do. </span></p> <p><