Happy And Succeeding
For Those Who Have Blind Ambition To Achieve Great Things
ComplianceX:
Wells Fargo Fined $98M For Facilitating Sanctions Violations
Wells Fargo will pay nearly $98 million to settle charges a subsidiary facilitated more than $532 million worth of prohibited transactions in violation of sanctions against Iran, Syria, and Sudan. The Federal Reserve Board announced Thursday it fined Wells Fargo $67.8 million for oversight failures, and the Treasury Department’s Office of Foreign Assets Control (OFAC) penalized Wells Fargo Bank $30 million for providing a trade finance platform to a foreign bank, which then used the platform to process 124 apparent prohibited transactions between 2010 and 2015.
New York Regulator Could Set World Standard For Crypto
New York regulators are poised to set the benchmark for crypto firms in the U.S. and worldwide with its licensing regime that the crypto industry covets and loathes for its attainability. Superintendent Adrienne Harris took the helm of the state’s Department of Financial Services in January 2022, and has since expanded on the regulator’s unique oversight over digital assets.
Anti-Money Laundering Fines Surge 50%
Penalties for failing to stop financial crimes jumped by more than 50% last year. That’s according to a report by the Financial Times (FT), which says the spike has led to warnings that these fines aren’t stopping the flaws in the system that have allowed criminals to funnel money into banks and other financial institutions (FIs).
Binance Compliance Chief Calls His Job One Of The ‘Most Challenging’
Noah Perlman, the newly hired global chief compliance officer at Binance Holdings Ltd., said the regulatory environment for the cryptocurrency industry has made his job one of the “most challenging opportunities in compliance.”
Auditors Didn’t Flag Risks Building Up In Banks
While Silicon Valley Bank’s outside auditor KPMG LLP cited potential losses on loans as a critical matter two weeks before its collapse, the audit firm missed the inherent bond losses and unreliable deposits that took the financial institution down, the Wall Street Journal reported.
Careers:
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The Real Reason Why Companies Are Desperately Pushing For People To Return To The Office
The ongoing debate over working remotely or going into the office overlooks one major factor that could be disastrous for large cities, such as New York, Chicago and San Francisco. The commercial real estate market may be in serious trouble. According to a recent report by Morgan Stanley analysts, the commercial real estate market is expected to experience something “worse than in the Great Financial Crisis.”
How To Stand Out As Companies Are Flooded With Résumés
There is a Catch-22 in the job market. White-collar office workers have been laid off in disturbingly large numbers. Those who are still employed are concerned about their job security. In challenging times, people are understandably submitting dozens or more résumés each day. They feel it’s a numbers game, and the more they apply, the better their chances of securing an interview.
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Atomic Habits: An Easy & Proven Way To Build Good Habits & Break Bad Ones
Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones is a self-help book by James Clear that offers practical strategies for building good habits and breaking bad ones.
Goals!: How to Get Everything You Want Faster Than You Ever Thought Possible
Goals!: How to Get Everything You Want Faster Than You Ever Thought Possible is a self-help book by Brian Tracy that provides practical advice on goal setting and achievement. Here are ten lessons from the book…
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Media Inquiry
Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search and How To Get A Job In Tough Times, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.