elacsaplau
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....In reality, this is more about compliance departments creating jobs for themselves and inconveniencing clients/customers.
Agreed. This is an example of what I was referring to yesterday in another thread of people getting rewarded for activities that have dubious societal benefit. [This is not to say that we don't need "compliance" but much of the currently mandated compliance in the areas of financial services that I am familiar with is complete nonsense. Special thanks for this should go to the Central Bank of Ireland who do such a wonderful job in creating so many jobs that otherwise would not be needed.]