Developing a compliance culture within an organization is vital to an effective compliance function. This allows the implementation of an effective compliance monitoring program, which is linked into senior management. This will help to demonstrate to the regulator that the firm has the right compliance mindset. Job done!

1. Compliance Testing Process
2. Compliance Testing Frequency
3. Compliance Testing Approach
4. Compliance Testing Documentation
5. Follow up actions

The importance of having a compliance monitoring program is clear – without one, you lose a powerful defense in being able to demonstrate compliance with the regulations on a consistent basis over a period of time.

The full article is available at Corporate Compliance Insights.