Many companies do not invest enough time creating decent compliance programmes, with some mistakenly thinking ‘cut and pasting’ a programme is sufficient
Tags :cat-compliance
Recent regulatory developments related to data protection and anti-money laundering are increasing awareness of corporate compliance among clients in Portugal, according to CCA Ontier partner Henrique Salinas.
Companies need to take complaints seriously and have proper whistle-blowing procedures to quickly identify ‘bad behaviour’ – being able to conduct quick investigations is also key
Large businesses in Spain are now recognising the importance of corporate compliance, though the market is still relatively immature, says Álvaro Gámez Serracarbassa, head of the compliance department at Andersen Tax & Legal.
With competition intensifying, and greater commoditisation of services, making compliance a profitable area of practice is, for some firms, increasingly hard work
Many small and medium-sized enterprises (SMEs) in Portugal need to bring about a change of mindset in their companies and embrace the concept of being fully compliant, according to Paulo de Sá e Cunha, partner
Clients need to be able to demonstrate that they have a programme that meets the specific needs of their company
Due to the explosion of corporate scandals over the last two years and the ensuing criminal and civil litigation, there is a growing awareness among board members of the personal liabilities they potentially face in
Despite a relatively undeveloped legal framework for compliance, companies can still be held criminally liable for the actions of their representatives
Though having a compliance programme is not yet enshrined in Portuguese law, lawyers are taking the opportunity to develop a new practice area focusing on helping clients eliminate the risks associated with non-compliance, say Tiago
