W23 •A• Compliance Is an Evidence Problem ✨

In this episode of the Deep Dig, we unpack Khayyam Wakil's blistering analysis of the global compliance industry, framed around a single provocation: compliance is fundamentally an evidence problem, not a labor problem. Opening with the 2024 TD Bank scandal—roughly $3 billion in penalties for failing to monitor 92% of transaction flow and leaving 70,000 suspicious-activity alerts unread for six years—we trace Wakil's argument that two decades of hiring compliance officers and buying enterprise governance software has produced an elaborate "security theater" built on human say-so. We explore…