Compliance Officer and Director in charge of enforcement is an organization supervisor whose role is to monitor compliance with the law that the company and its staff are regulated by, particularly instructions that effect  the company functionality on the majority of its employees.

In addition to supervision and to ensure compliance the compliance officer deals in formulating policy compliance, and creation and implementation of designed procedures.

The role of the compliance officer has no connection with the organization's internal auditor .

Nomination of a compliance officer is required under the general framework of risk management. That is in order to significantly reduce the probability of law and regulation violations, lead to early detection of violations of laws and regulations , to reduce exposure of the organization and its managers to claims , including for duties of care and fiduciary violations imposed on officers , to prevent financial losses that may incurred in respect of above violations to the company and to maintain the comapany reputation.

Usually it is customary that the Compliance Officer reports will be made directly to the Board , or at least to CEO or to Executive manager.

 

Services Compliance Officer and Enforcement Officer of ABIR Group include:

• Preliminary mapping of the company governance laws and regulations.

• Mapping the risks entailed by the organization on the island - the existence of regulatory regulations . For example : types of financial sanctions applicable to the bodies organs and banks are under the supervision of the SEC .

• Editing program compliance and effective internal compliance and convenient application, including appropriate policies .

• Compliance Management ( laws, rules , risks , and procedures ) under a management information system and computerized .

• Periodic compliance control departments of the organization.