Date of Conferral
2022
Degree
Doctor of Business Administration (D.B.A.)
School
Management
Advisor
Franz Gottleib
Abstract
Fines and penalties assessed against a bank for failure to comply with regulatory sanctions result in loss of revenues and reputation. Bank managers who fail to implement effective strategies to prevent sanctions compliance could experience reduced bank profitability, reputational loss, and possible bank failure. Grounded in Goldratt’s theory of constraints, the purpose of this qualitative single case study was to explore compliance strategies bank managers use to avoid regulatory sanctions. The participants were three senior bank compliance managers from the Dallas, Texas, metropolitan area with a minimum of 5 years of experience who have successfully implemented strategies to avoid regulatory sanctions. Data were collected from semistructured interviews and public documents from participants’ bank and regulatory authority websites. Through thematic analysis, three themes were identified: sanctions compliance policy and program, risk assessment framework, and sanctions screening technology. A key recommendation for bank management is to make sanctions compliance disclosure statements mandatory in the bank’s annual audited reports. The implications for positive social change include the potential to positively impact the bank shareholder value, increase employment opportunities in the banking sector, and contribute to the national gross domestic product.
Recommended Citation
Akiotu, Henry Emetseme, "Bank Management Compliance Strategies to Avoid Regulatory Sanctions" (2022). Walden Dissertations and Doctoral Studies. 13947.
https://scholarworks.waldenu.edu/dissertations/13947
