“41 percent of respondents in Compliance Week’s annual ‘Inside the Mind of the CCO’ survey said they don’t believe the DOJ’s CCO certification requirement to be a positive development for the profession,” according to Compliance Week.
This report comes at the same time that the OCC is that compliance risk remains “elevated” in its Semiannual Risk Perspective, particularly related to digital assets: “As financial institutions adopt or consider innovative technology solutions related to new products or services, or when evaluating potential engagement in digital asset activities, it is important that strong risk management practices are in place to mitigate operational and compliance risks.”
The OCC Report may be found here: https://www.occ.treas.gov/publications-and-resources/publications/semiannual-risk-perspective/index-semiannual-risk-perspective.html