6 COMMON PITFALLS AND BLIND SPOTS TO AVOID WHEN CREATING A COMPLIANT ORGANISATION

A blog post on the FCPA Blog on 22nd February provided 6 common pitfalls and blind spots related to building and maintaining a compliant organisation –

  1. Failing to look at the external operating environment in your compliance risk assessment;
  2. Considering impact only in terms of compliance enforcement;
  3. Over-focus on list-based, reactive sanctions management;
  4. Failing to achieve a sustainable use of resources;
  5. Not testing, monitoring or doing on-the-ground checks; and
  6. Generic training.

http://www.fcpablog.com/blog/2019/2/21/six-common-pitfalls-and-blind-spots-to-avoid-when-creating-c.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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