Regulators have made their view on noncompliance clear as they continue to use a firm hand to squash communications and recordkeeping violations. Global Relay’s Executive VP of Compliance, Chip Jones, spoke to this point in an FCPA Compliance Report podcast, weighing in on what moves organizations can make to ensure they’re not dealt the next costly blow.
When it comes to flourishing communication methods like social media and IM, choosing to ban platforms and steer away from creating policies could leave your organization vulnerable to substantial compliance violations. Mitigate regulatory risk and remain compliant by proactively implementing procedures and policies for emerging messaging channels sooner rather than later.
The multiplication of communication channels makes it easier than ever before to communicate, yet increasingly difficult to comply within the financial services industry. In a recent webinar, industry experts including Global Relay’s Rob Mason set out how firms can manage risk by attending to surveillance strategies and communicating policies in a way that is comprehensive to employees and mindful of regulations.