Identify, Assess and Corrective Action
Developing a method for tracking and responding to compliance issues, thoroughly documenting and investigating, enforcing corrective action, and tracking the resolution of complaints are effective ways to address offenses. Acting promptly to detect violations and taking appropriate disciplinary action is pertinent to maintaining an effective compliance program.
Additionally, fostering a culture of transparency and accountability ensures that employees are aware of and adhere to compliance standards. Regular training and updates on compliance policies help prevent potential issues and reinforce the importance of ethical behavior.
Workforce Supply For the Compliance Function
We take care of your AML Compliance with our professionals. Our company provides well-experienced Compliance Executives to handle your AML Compliance queries such as;
- KYC verifications
- Sanction Screening of Involved parties
- Risk Assessment of the client
- Conduct Enhanced Due Diligence
- Ongoing monitoring
- Document Management
- Record Retention Procedures