The compliance function in a bank, brokerage firm or other financial institution is designed to ensure conformity with all applicable rules, laws and regulations, whether local or international. The traditional compliance model was designed as a legal enforcement tool, with only a limited focus on real risk identification and management. If you are looking to open a bank account, we would strongly recommend that you contact the Confidus team; we work with numerous banks and are aware of their compliance requirements, making it quick and easy to open an account.