Implementing Technology to Prevent or Resolve an Enforcement Action

Implementing technology is one of the avenues organizations can take when modernizing their compliance programs. Programs that utilize technology are more efficient, cost-effective, and capable of immediately detecting suspicious activity in a fraction of the time compared to traditional compliance processes. Technology is particularly impactful for organizations seeking to resolve matters related to financial crimes, such as corruption, fraud, or kickbacks. Software solutions can streamline the processes of maintaining accurate books and records, while transaction monitoring tools can aid organizations in proactively detecting bribes or other forms of financial corruption. It is essential for organizations to understand why traditional compliance processes are no longer sufficient and the specific ways that technology can aid compliance departments.

This paper will break down each of these points and outline how technology can bolster an organization’s compliance program and help to prevent or resolve an enforcement action.

Download the white paper below.