“Why can’t we just do it ourselves?”
That’s a question we sometimes hear when we’re discussing Hyperwallet’s Compliance Program with a potential client. Having gone through the lengthy and resource-intensive process of achieving regulatory approval in countries all over the world, we know how difficult it can be. But for someone who hasn’t built out a compliance program of their own, it understandably might look as simple as acquiring a license and not doing anything shady.
The reality is that Licensing is just a small part of any effective compliance program. There are a number of other factors—things like staff, specialization, time, and cost—that these companies often haven’t considered. To illustrate this point, we’ve put together an Infographic that highlights the different facets of a global compliance program and demonstrates why licensing is the least of your worries.
Download this infographic as a PDF to share with your colleagues.
The post [INFOGRAPHIC] Licensing Is the Least of Your Worries appeared first on Hyperwallet Systems Inc..