Faber Group’s Post

Caption - Stay ahead of Compliance issues with Lahebo's cutting-edge Risk and Compliance Software Contact our team today to book a demo at support@lahebo.com #noncompliance #complianceissues #compliancemanagement #compliancesoftware #topcompliancesoftware #topsoftwareaustralia #lahebo

CLOs and CCOs This document explores the evolving roles and distinctions between Chief Compliance Officers (CCOs) and Chief #Legal Officers (CLOs) within organizations. It highlights the development of compliance functions into independent and strengthened roles, emphasizing the need for collaboration between CCOs and CLOs to avoid conflicts and enhance the effectiveness of regulatory risk management and compliance. The document provides examples of how responsibilities can be divided and identifies potential tension points between the roles, offering suggestions for improving communication and cooperation between the two teams to bolster corporate #compliance.

#compliance risk Compliance risk Managers and those in Governance roles face challenging times in situations when executive arm of government choose to defy one of the other arms of Government - Judiciary (court orders) . Organisations ( Public & Private) will soon encounter the challenge to effect the rulings with compliance team playing the oversight role and required to flag and report instances of non-compliance to management / regulator. Situation even tougher for those in public sector who essentially report into executive arm of government which is in itself in breach of compliance requirements 🙄 Any thoughts from compliance / risk colleages on way forward ( action required) #complianceofficer #riskmanagement #governanceriskmanagementandcompliance

Type of Audit and Assurance : #Audit #Assurance #Compliance #Risk #Security #Finance #Operations #IT #Fraud #Forensics #Functionality

🌐 Navigating the Audit Universe: Embracing Diversity & Excellence 🚀 In the dynamic galaxy of audits, one must recognize the stars that shine uniquely—financial, operational, compliance, and IT audits. It's not just about checkboxes; it's a strategic journey. For firms, it's aligning strategies with organizational constellations. For professionals, it's about skill supernovas—embracing diverse expertise for a stellar career. In a cosmos of regulatory changes and tech transformations, let's dance with the audit stars, tailor our approaches, and deliver value that's out of this world! 🌌✨ #AuditGalaxy #DiversityInAudits #StrategicStars #EmbraceTheAudit #ProfessionalJourney

Have you completed your firmwide risk assessment? It’s an essential part of your AML compliance process. This is where you really look at the risks that could affect your firm. The most obvious one being your clients. Do you know who you want to work with? What if you received an enquiry from someone who is outside of your typical client base? What would you do? This is why being clear who your ‘ideal client’ is so crucial. Asking yourself the questions that need to be asked. And documenting the answers and how you would reduce the risk should you accept someone who is not your ideal client. When was the last time you used your firmwide risk assessment? #accountant #antimoneylaundering #compliance #risk

Type of Audit and Assurance : #informationsecurity #Audit  #Assurance  #Compliance  #Risk  #Security  #Finance  #Operations  #IT  #Fraud  #Forensics  #Functionality

Building a robust corporate compliance programme is key. Compliance programmes should be as simple and straightforward as possible, with a clear set of policies and procedures defining the framework. Risk & Compliance looks at compliance automation in the Apr-Jun 2024 issue: https://lnkd.in/geYyqRHk #riskandcompliance #complianceprogramme #compliance #compliancepolicies #complianceprocedures

All you need to know about Different Auditing Types

KYC- The Compliance Officer's Guide to Managing Risk #compliance #uaecompliance #amlcompliance #duediligence #risk #businessrisk #amlcompliancesolutions #uaeaml #compliancesolutions