Date: January 01, 2008 - 12 am
Category: Advice, Companies, Consumer Protection, Free, IT Governance, Privacy and POPI
Few topics in IT have garnered more attention during the last few years than compliance. Through a combination of new laws (particularly the ECT Act), well publicised fines overseas and the threat of criminal penalties – as well as the fear, uncertainty and doubt created by vendors – compliance has created real interest and concern within companies.
When deciding how to address the issue, organisations need to decide whether to adopt a risk based or best practice approach or a combination of the two.
“Compliance” is a specific discipline that is practised within dedicated departments in many regulated organisations (such as banks and insurance companies). Section 47 of the Banks Act No 94 of 1990 and the Financial Advisory and Intermediary Services Act stipulate that an independent compliance function should be established in banking and financial services entities respectively.
.
Register - It's quick, easy and FREE to get greater access instantly. [ Register ] If you are a client of Michalsons, you get registered user access and complimentary access to client content.
.
Register at [ Register ] and then send us an email requesting access as a client of Michalsons. We will give you access and notify you by email.
Tags: business risk management, compliance, compliance management, compliance south africa, legal compliance, regulatory compliance
No Comments Yet