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Compliance Monitoring

Independent compliance monitoring adds value to a compliance programme that has suffered external regulatory review.

Compliance monitors are often imposed by regulators as part of an enforceable undertaking or a deferred prosecution agreement. Monitors could be for specific programmes or they could be across the entire compliance department. In some cases, a monitor might be imposed by a headquarter function to oversee a particular business unit or a subsidiary. In this case, the monitor often conducts independent reviews, assessments, audits and provides oversight of a programme or a complete entity’s programme.

This service is useful if you:

have been instructed to obtain an independent monitor as part of an unenforceable undertaking
want an independent body to monitor a newly-acquired entity or an entity that has had significant compliance issues
have the need to provide ongoing objective assessments of a programme to a regulatory body.

Benefits:

Independent verification of a programme
Objective assessments that are free from politics, budget restrictions and corporate policy
Verifiable work with clear directions and scope.

Case study

A large manufacturing organisation purchased an interest in an entity in China. The business was then to be operated as a joint venture. As part of the original due diligence, issues had been identified regarding compliance of the local company. The Red Flag Group was engaged to place a compliance expert into the joint venture, who would monitor the organisation for three months.