Acting with Integrity in accordance with the external laws, regulations, standards, frameworks, contracts, strategies, and internal policies of the business.
Compliance is one of the key functions within an organization that ensures the business is being conducted within the set boundaries of its business environment. These expectations are set by government authorities, regulators, industry standards & best practices, public mandates. Most organizations view compliance as checking the box activity only to result in costly lawsuits leading to hefty fines and legal penalties. A proactive approach to compliance will help organizations to not only be in line with these expectations but also identify and remediate any gaps at an early stage.
The risk of non-compliance is one of the key risks within organizations. These risks could not only cost financially but also cause reputational damage that could significantly interfere with its performance and growth. Myriad of regulatory requirements are a result of increased complexity in doing business due to technological innovation is a key driver of a dedicated compliance management function. There are multiple requirements to comply with for different regulatory/industry standards for different functions within an organization. For example, there are many well-publicized data security breaches that have resulted in stricter regulatory requirements from various regulatory & Government agencies. Also, the same organization could be penalized for not adhering to anti money laundering laws. In a globalized economy the same organization is now required to comply with multiple regulations and standards from different countries which adds more complexity to compliance.
Our tailor-made compliance management program would help you achieve compliance and be proactive. Whether your organization has a compliance program in place, or you are just beginning to assess your compliance needs, we are here to help you protect and be compliant. We asses to identify your compliance gaps and help in remediating the identified gaps for multiple regulatory requirements. We not only cater to comply with regulatory requirements but also understand your organizational environment and consult accordingly to come up with an internal framework to implement certain best practices in the industry. We also provide independent review of internal compliance efforts.