Reducing the Risks and Costs of Regulatory Compliance

The Regulatory Challenge

Penalties for sanctions and anti-money laundering (AML) violations by financial institutions continue to increase, demonstrating that despite possible regulatory reform, the focus on BSA/AML and sanctions remains as intense as before. Compliance breaches carry both civil and criminal penalties and non-compliance is no longer just viewed in terms of corporate risk or reputational damage. Senior Management and Compliance Officers are now being held personally responsible for any gaps or shortcomings in their compliance programs.

Risks pertaining to Cyber and information security continue to rise. GDPR, CCPA and other laws mean that cybersecurity is no longer something businesses of any size can ignore. Security incidents regularly affect businesses of all sizes and often make the front page causing irreversible reputational damage to the companies involved.

The Mizen Group Inc, a Compliance Advisory and RegTech Services business, uses diagnostics and technology to quickly assess, remediate and validate all aspects of compliance programs. To surmount challenges faced in today’s regulatory environment, we have developed innovative proprietary tools that help clients conduct in-depth explorations of their compliance programs and determine gaps, inefficiencies and areas for improvement. These tools may be utilized to address regulatory obligations for financial institutions including banks, insurance companies, broker-dealers and third-party service providers.

Mizen’s diagnostic platform also provides an on-line measurement and management tool, allowing clients to more easily track and manage compliance processes, reduce complications, mitigate issues and streamline the workload related to compliance activities and regulatory challenges.

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Reducing Risk with the Mizen Compliance Culture Diagnostic