Shared pain, compliance gain

Teamwork makes the dream work is a common rallying call when a business is successful. Recruiting people with the right skills and competence contributes to positive outcomes. So far, so good, writes Martin Woods, until less competent people at other firms undermine this success. Behold the new UK Payment Systems Regulator (PSR) 50/50 reimbursement regime.

'Corner of the Yard' - an AML professional working in the UK.

Teamwork makes the dream work is a common rallying call when a business is successful. Recruiting people with the right skills and competence contributes to positive outcomes. So far, so good. Until less competent people at other firms undermine this success. Behold the new UK Payment Systems Regulator (PSR) 50/50 reimbursement regime.