While regulatory enquiries are never a welcome development to begin with, they are particularly troubling for organisations without adequate internal compliance programmes and tools to handle large volumes of company data for eDisclosure and internal investigations. In the face of such enquiries or lawsuits, identifying and presenting key communications is a critical issue. And as the LIBOR scandal shows, instant messaging (IM) conversations are now a substantial component of that need.
Compliance is becoming so complex that today’s compliance professionals are concerned about how the function will protect businesses in future. That is according to new research from The Risk Advisory Group which surveyed more than 200 compliance professionals across a range of global businesses. Called The Compliance Horizon, the survey reveals that the majority (83%) of compliance professionals feel that compliance has become more complex in the past two years.
Stroz Friedberg, a digital risk management and investigations firm, has launched Navigator, a desktop and mobile application designed to strengthen existing compliance programs. The application is the first to take a holistic approach to compliance, enabling employees to receive clear and instantaneous direction on global compliance policies.