Ensuring Compliance in the Digital Age: Managing Risks of Personal Communication Channels

This presentation explores the compliance challenges that regulated entities face due to the increasing use of personal communication channels for work purposes, particularly in a remote work environment. It highlights the importance of robust monitoring systems, the role of senior management in fostering a culture of compliance, and the need for proactive risk management. Additionally, it underscores recent regulatory enforcement actions and the critical steps firms must take to align with evolving regulatory expectations. MEMA Consultants offer ongoing guidance to help firms stay compliant and mitigate associated risks.

1. Managing Compliance Risks: The Use of
Personal Communications Channels

2. Regulatory Enforcement and
Challenges
Increasing use of personal communication channels for work
purposes poses compliance risks.
Recent SEC fines highlight the need for rigorous monitoring
of employee communications.
The importance of self-reporting and taking remedial actions
to reduce penalties.

3. The Role of "Tone from the Top
Senior management’s commitment to compliance is
crucial ("Tone from the Top").
Emphasize the importance of enforcing policies and
addressing concerns promptly.
SEC’s emphasis on the value of disclosing violations
and maintaining robust recordkeeping.

4. Remote Work and Compliance
Monitoring
Remote work arrangements increase the complexity of
monitoring compliance.
The critical need for regulated firms to implement
robust systems and controls.
Importance of monitoring and recording
communications across all channels.

5. Proactive Risk Management
IImportance of regular policy reviews and
employee education on compliance risks.
Implementing effective horizon scanning to
stay updated on regulatory changes.
MEMA Consultants’ role in providing ongoing
guidance and ensuring full compliance.

6. CONTACT US
[email protected]
03301330811

Suite 1810, Unit 3a,34-35 Hatton Gardens, Holborn, EC1N 8DX
https://www.memaconsultants.com

7. Thank You
[email protected]
03301330811
https://www.memaconsultants.com