{"id":3112,"date":"2025-01-22T12:38:23","date_gmt":"2025-01-22T11:38:23","guid":{"rendered":"https:\/\/enthec.com\/?p=3112"},"modified":"2025-01-29T11:54:27","modified_gmt":"2025-01-29T10:54:27","slug":"corporate-compliance-featured-features","status":"publish","type":"post","link":"https:\/\/enthec.com\/en\/corporate-compliance-featured-features\/","title":{"rendered":"Corporate Compliance: Featured Features"},"content":{"rendered":"

Compliance in companies has gone from being a trend to becoming a fundamental need for many organizations. From protecting corporate integrity to ensuring regulatory compliance, compliance is positioned as a key tool for the success and sustainability of any organization.<\/strong>
In this article, we’ll discover compliance, its core functions, how it influences cybersecurity and the legal framework,<\/strong> and how solutions like Engec’s Kartos <\/strong>can make a difference. <\/p>\n

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What is compliance, and why is it so important?<\/h2>\n

Business compliance refers to the procedures, policies, and controls that ensure an organization complies with applicable laws, regulations, and internal rules.<\/strong> In a time of sanctions, fraud, and reputational scandals, having a robust compliance program is necessary and strategic.
An example of a company’s compliance could be a program that prevents money laundering by adhering to regulations such as the Law on the Prevention of Money Laundering. These initiatives protect companies from legal sanctions and strengthen customer and partner trust.<\/strong><\/p>\n

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Outstanding functions of compliance in the company<\/h2>\n

The success of compliance lies in the breadth of its functions, which range from legal risk management to protection against digital threats. <\/strong>Here are some of the most relevant:<\/p>\n

1. Legal and regulatory compliance<\/h3>\n

One of the primary responsibilities of compliance is ensuring that the company operates within the legal framework.<\/strong> This includes complying with local, international, and sector-specific laws and regulations.
For example, the company’s legal compliance<\/strong> may involve implementing a system to manage the GDPR (General Data Protection Regulation) and ensuring that customers’ data is adequately protected and managed. <\/p>\n

2. Risk management<\/h3>\n

Identifying and mitigating risks is a crucial task of compliance. These risks can be financial, operational, or reputational. The aim is to prevent the company from facing financial penalties, loss of customers, or damage to its public image.<\/strong> <\/p>\n

3. Promotion of an ethical culture<\/h3>\n

Compliance also seeks to promote a business culture based on ethics and values. This includes continuous employee training and creating a clear and accessible company compliance policy.<\/strong> <\/p>\n

4. Strengthening cybersecurity<\/h3>\n

Cybersecurity compliance is more relevant than ever in an increasingly complex digital environment Protecting sensitive information, preventing cyberattacks, and ensuring operational continuity are fundamental aspects of any compliance program.<\/strong><\/p>\n

For example, a company can implement cybersecurity measures such as continuous threat monitoring, <\/strong>ensuring that systems are always up to date and protected against vulnerabilities.<\/p>\n

5. Audits and internal controls<\/h3>\n

Compliance establishes auditing processes to ensure that standards are effectively complied with.<\/strong> This includes periodic reviews and mechanisms to detect and correct non-compliance early.<\/p>\n

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How to implement an effective compliance program?<\/h2>\n

Creating an effective compliance program requires a comprehensive approach tailored to the specific needs of each organization.<\/strong> Here are some keys: <\/p>\n