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compliance function


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1 حسابداری و مالی:: فعالیت تطبیقی، کارکرد / واحد تطبیق

For example, some organizations may combine the legal and compliance functions into a single department or may combine a health and safety department with an environmental function.،A firmwide compliance function that plays a key role in managing and overseeing compliance risk while promoting a strong culture of compliance across the organization is particularly important for large, complex organizations that have a number of separate business lines and legal entities that must comply with a wide range of applicable rules and standards. The Federal Reserve's expectations for all supervised banking organizations are consistent with the principles outlined in a paper issued in April 2005 by the Basel Committee on Banking Supervision, entitled Compliance and the compliance function in banks (Basel compliance paper). Consequently, these organizations typically require a firmwide approach to compliance risk management and oversight that includes a corporate compliance function. In addition to the oversight provided by the board of directors and various executive and management committees of an organization, a key component of firmwide compliance oversight in larger, more complex banking organizations is a corporate compliance function that has day-to-day responsibility for overseeing and supporting the implementation of the organization's firmwide compliance risk management program, and that plays a key role in controlling compliance risks that transcend business lines, legal entities, and jurisdictions of operation. Accordingly, such organizations should generally implement firmwide compliance risk management programs and have a corporate compliance function.

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