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Tag: global banks

Compliance is hot

The recent heavy fines imposed on global banks for violating United States sanctions has put the financial industry on alert about the risks associated with exposure to money laundering. Banks have responded by hiring thousands of new compliance experts and are spending millions of dollars to improve their anti-money laundering (AML) programmes. ...

Deals fuel demand

Deal-flow steadily increased over the past 18 months and banks have recently responded by increasing headcount at the junior level. There has been a focus on business expansion versus replacement hires in Chinese and boutique banking firms, and a trend of increased hiring in Southeast Asia. Bonuses have improved in line with the deals executed. ...