Compliance and Ethics Check's
How we stay compliant clean
industry where regulations shift regularly, it can be hard to adapt on the
fly. But it must happen as being non-compliant, in any sense, is
detrimental. Thankfully, to operate within regulation, there are clean
in-house reliable practices we can enforce.
Streamline the risk-and-control framework
compliance demands are placed on businesses and other organisations growing
by the day. We expect organisations to put in place and evidence their
defence against key risks such as bribery and corruption, sanctions, and
other anti-competitive and unethical behaviour. Highly regulated sectors
such as financial services, oil and gas face even more challenging and
increasingly complex requirements, and all face significant financial,
operational and reputational damage if they fail.
While compliance requirements are complex and time-consuming, resources
available to meet them are not limitless. By understanding the weak points
of each organisation and the risks they face, we can target our compliance
efforts where it will be most effective. Underpinning each file is the
importance of defining and embedding a strong match, to ensure we’re doing
the right thing, with each of our client’s for the right reasons.
Why is compliance and
Our compliance and
ethics program can help ensure that an organization operates within the law
and stays true to its own ethical principles that are important to the
company's business and identity.
Common Ethics Practice
It is common ethics
practice for companies such as our compliance team along with banking
enterprises to have dedicated teams to put out fires caused elsewhere in the
organization. While this works, there is potential for wastage of precious
resources, which is suboptimal. A smarter approach would be to implement a
control where the risk is managed by the same department causing it. This
streamlines responsibility and clean control performance, even if a said
institution has multiple owners.
Terms & conditions
Code of practice