Financial Compliance
October 19, 2025
9 min read
Why Financial Services Need Compliance-First Resume Screening
Financial services firms faced $4.6 billion in regulatory penalties in 2024—banks alone saw fines surge 522% to $3.65 billion. One bad hire can cost millions. FINRA Rule 3110(e) requires background checks before filing Form U4. The SEC is cracking down on recordkeeping—16 firms paid $81 million in early 2024. Compliance costs average 19% of annual revenue. With AI adoption hitting 90% by 2025 and RegTech spending exceeding $22 billion, resume screening can't just check skills anymore—it has to verify regulatory fitness, criminal history, and compliance credentials from day one. Here's why compliance-first screening isn't optional.
Rachel Thompson