45 - Why CAMS certification will keep you stuck

<p><span style="font-weight: 400;">Over the past few years, there has been an increase in the amount of money that companies are spending on compliance, but this is not having its desired effect; there are just as many, if not more, compliance issues occurring. In today’s episode I explain why the old top-down certification-based approach to compliance is outdated, and I share what I think would be a better use of your time if you are interested in the field of compliance. </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;">[00:40] Why I decided to take on today’s topic, which can be quite polarizing.</span></p> <p><span style="font-weight: 400;">[02:20] Recent interest that has been shown for the compliance sector.  </span></p> <p><span style="font-weight: 400;">[03:06] The reasons that people pursue CAMS certification.     </span></p> <p><span style="font-weight: 400;">[05:44] Goals of the institutional, top-down method of compliance, and why this approach is so problematic. </span></p> <p><span style="font-weight: 400;">[08:14] What traditional compliance teachers believe is point of compliance is.  </span></p> <p><span style="font-weight: 400;">[09:01] Learnings I have had from speaking to leaders and founders about compliance. </span></p> <p><span style="font-weight: 400;">[10:26] Increases in the cost of compliance over the