With increased regulatory scrutiny, new and amended laws and regulations (i.e., Section 1071), and escalating compliance costs, now is the opportune time for financial institutions to take a close look at their Compliance Management System (CMS) to ensure it is operating effectively and efficiently. History has shown that an ineffective CMS may lead to substantial fines and penalties; an inefficient program simply costs too much. Read Capco’s Intelligence Blog linked below for additional insights.