31 Days to More Effective Compliance Programs - Day 21: Continuous Improvement in Compliance Program

Thomas Fox - Compliance Evangelist
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Continuous improvement through continuous monitoring or other similar techniques will help keep your compliance program abreast of any changes in your business model’s compliance risks and allow growth based upon new and updated best practices specified by regulators. A compliance program is a continuously evolving organism, just as your company is in many ways. To have a genuinely effective anti-corruption compliance program, you need to build to keep pace with both market and regulatory See more +
Continuous improvement through continuous monitoring or other similar techniques will help keep your compliance program abreast of any changes in your business model’s compliance risks and allow growth based upon new and updated best practices specified by regulators. A compliance program is a continuously evolving organism, just as your company is in many ways. To have a genuinely effective anti-corruption compliance program, you need to build to keep pace with both market and regulatory changes.

Three key takeaways:

1. Your compliance program should be continually evolving.

2. Monitoring and auditing are different yet complementary tools for continuous improvement.

3. Culture assessment and monitoring are now required as well. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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