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UPDATE: Labour shortage the reason why top banks in Australia rely on outside help to fill compliance roles – Commonwealth Bank CRO

By Dan Byrne for AMLi

Some of Australia’s biggest banks continue to use contract workers to fill FinCrime compliance positions, and a labour shortage is to blame, one Chief Risk Officer has said.

Nigel Williams – CRO of Commonwealth Bank Australia (CBA) – has blamed a lack of sufficiently skilled workers as a reason his institution relies on outside help and fills permanent positions with temporary workers.

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