GLBA requires financial institutions to develop and implement a written information security plan.
A commitment to a culture of compliance includes transparent communication and support for compliance initiatives, encouraging employees to uphold and participate in compliance efforts.
A whistleblower reports misconduct or regulatory violations within the organization.
SOX was enacted to protect investors by enhancing the accuracy and reliability of corporate disclosures.
The SEC is the federal agency responsible for enforcing securities laws and regulating the securities industry.
Compliance policies and procedures should be reviewed regularly, typically annually, or when regulations change.
Ongoing training and education for employees are essential for an effective compliance program.
The compliance officer ensures that the organization stays updated and complies with new regulatory changes.
A robust internal audit program is essential for monitoring and ensuring compliance within an organization.
GDPR aims to protect the personal data and privacy of individuals within the EU.
The CCO is primarily responsible for overseeing and managing regulatory compliance within the organization.
