Assessing compliance to internal and regulatory control requirements is mission critical! Non-compliance can lead to fines, disruption of operation, damage of company reputation, and significant financial liabilities.
Although risk assessment methodologies have been around for quite a while, their prominence in the compliance field is a fairly recent phenomenon. The new view is that compliance risk management programs can no longer just be “adequate”. The expectation is that organizations commit the appropriate resources to risk management solutions and to establish and maintain a “strong” culture of compliance, ethics and risk management. Compliance risks come in all shapes and sizes and affect every facet of the business.
This means that each department including finance, accounting. IT, legal, operations, business development, and marketing must be involved to properly identify all the potential compliance issues that may impact your company.
The instructor will define a roadmap for the implementation of a compliance risk management program which includes the assessment of controls, analysis and reporting, and the management and remediation of identified gaps and issues. This webinar will address how a compliance risk management program can produce the following benefits within your company.
Defines the compliance requirements for your company and assigns roles and responsibilities.
Enables consistent compliance and control management across the enterprise.
Supports the flow of information, ensures consistent assessments and testing process, and ensues that the remediation of issues.
Streamlines compliance management, enabling business process owners to take direct responsibility for managing controls.
Supports metrics, compliance dashboards, and accountability for ongoing risk assessment.
Areas to be Covered:
The instructor will provide insight in the following topics by presentation, case studies, and discussion.
The Impact of Government Compliance
Sanctions and Export Control
Industry Specific Compliance Requirements
Protecting Your Supply Chain
Ensuring Supplier Compliance
E-commerce and Payments Controls
Ant-Money Laundering (AML)
Know Your Customer (KYC)
Politically Exposed Persons (PEP) and the Foreign Corrupt Practices Act (FPCA)
Third Party Transactions
Your Compliance Risk Management Program Roadmap
Other Risk Management Models
Who will Benefit:
A must attend webinar for below mentioned professionals in the fields of Manufacturing, Retail, Distribution, Financial Services, and Health Care.
Risk Management Professionals
Internal Control Professionals
Shared Services Executives