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What is Compliance ?
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations.
Compliance Benefits!
Reduces organizational and individual risk
Enables less hesitance and more confidence
Uncovers better data for better decisions
Gives the gift of efficiencies and economies of scale
Results in a smaller, better organized toolbox
Levels the playing field
Helps realize a company s mission
Enhances relationships with regulators & other stakeholders
Reminds us that transparency is good business
Helps attract & retain talent & ensure employee engagement
How To Comply
How To Comply
Laydown all related rules and regulation
Assess your compliance level - know your issues - Risk apatite
Resolve the issue, even if the resolution is "not enough information to pursue" you will limit your issues.
Types Of Compliance Audits
General Data Protection Regulation
International Organization of Standardization
Systems and Organizational Controls
Payment Card Industry Data Security Standard
Health Insurance Portability and Accountability Act of 1996
In Moltazim, we are your partners in handling compliance tasks in the Kingdom of Saudi Arabia. With a deep understanding of the regulatory environment in the region and commitment to the latest Updates, we help companies achieve and maintain the highest standards of compliance.