An executive team initiated a compliance review after seeing their competitor in the headlines. They found that while they had adopted a well-known provider in the compliance space, the solution was poorly implemented, too expensive, and so disjointed their compliance team was buried in administrative work rather than being able to focus on protecting the company. ComplianceLine was able to transfer their existing reporting channels (toll free numbers, etc.), build automated workflows into their issue management system, and advise the team on important benchmarks and practices. Within a few months, they successfully implemented a strategic improvement plan for compliance across their company and have more confidence their vendor is acting as a partner to bolster and protect the trust of their clients.
Dynamic solutions focused on preserving trust
- Secure, dynamic solutions to support KYC (Know Your Customer), AML (Anti-Money Laundering), FCPA (Foreign Corrupt Practices Act) and other compliance initiatives
- Empower everyone at your institution to identify and help correct potentially corrupt practices or improper sales behavior
- Gain executive- and board-level visibility into field & branch activity
- Drive a culture of integrity and transparency to protect the long-term strength of your reputation with clients, partners, and the public
- Specialized checks against OIG and other key blacklists for advisors and vendors
Invest in your culture with integrated compliance services
Start with a foundation of Issue Intake & Case Management to accept and compile reports of risks and compliance issues across hotline, online, in-office, and even text messaging.
Integrate OIG sanction screening, international sanction lists, and VendorCheck services to make sure your partners don’t bring new risks to your doorstep. Then look for new frontiers of compliance excellence with Awareness Campaigns to build engagement with your employees, and Disclosures forms to pinpoint risk areas. Finally, look to ComplianceLine for employee Training and Specialty Solutions for Exit Interviews with employees, Inclusivity initiatives, and CrisisLine Response coverage.
Whether you’re most concerned about staying within SEC and FINRA guidelines or protecting the reputation that built trust with clients whose money you manage, you know that misbehavior from a single individual can damage your entire organization. A wise investment in a properly scoped and professionally managed compliance transparency program can make the difference between an internal review and a public hearing followed by an expensive settlement.
