Compliance Department: It is a department within the company or institution that works to provide the necessary guarantee for the company or institution’s compliance with internal and external regulations and controls, identifying risks and providing advice on how to confront and address them.
The tasks of the Compliance Department are focused on identifying regulatory problems, confronting and preventing risks, monitoring cases of tax evasion, money laundering and terrorist financing, providing solutions and consultations to prevent conflicts of interest, and preparing the necessary reports on the effectiveness of controls and their ability to manage the risks facing institutions.
Includes ministries, government agencies and institutions.
Includes businesses, both family and public, and non-profit institutions.
It includes employees, beneficiaries, customers, and suppliers.
Compliance with laws and regulations:
Compliance and compliance services help companies comply with local and international legislation and regulations.
Continuous improvement:
Providing compliance and compliance services helps update processes, policies and procedures based on the latest developments.
Reducing financial risks:
Compliance helps identify and evaluate potential risks and implement strategies to reduce their impact.
Enhancing confidence between customers and investors:
Commitment to standards and laws reflects integrity and transparency.
Enhancing trust and transparency:
Commitment contributes to building a good corporate reputation and increasing customer and investor confidence.
Preparation for international expansion:
Adherence to international standards can help companies expand into international markets.
Improving relations with regulatory authorities:
Compliance services assist in complying with domestic and international regulatory requirements and regulations.
Improving internal management:
Encourages compliance with best practices within the company.
Compliance with laws and regulations:
Compliance and compliance services help companies comply with local and international legislation and regulations.
Enhancing trust and transparency:
Commitment contributes to building a good corporate reputation and increasing customer and investor confidence.
Continuous improvement:
Providing compliance and compliance services helps update processes, policies and procedures based on the latest developments.
Preparation for international expansion:
Adherence to international standards can help companies expand into international markets.
Reducing financial risks:
Compliance helps identify and evaluate potential risks and implement strategies to reduce their impact.
Improving relations with regulatory authorities:
Compliance services assist in complying with domestic and international regulatory requirements and regulations.
Enhancing confidence between customers and investors:
Commitment to standards and laws reflects integrity and transparency.
Improving internal management:
Encourages compliance with best practices within the company.