What Makes Compliance Management

Three lines of defence

Develop the mechanism of
Risk management and
government participating in this
process
Efficient system of information leakage
prevention
1. Assess the current state.
2. Build on a foundation using recognized frameworks.
3. Implement the program with control operators and
owners.
4. Test the program.
5. Remediate any performance gaps identified in testing.
6. Continuously monitor and improve.

Provide blockchain system of data storage and sharing

Source: PWC
4 main challenges in Compliance risk
management
Challenge
Client or security certification audits are quite time-
consuming to complete.
Handling complaints and resolving disputes requires
careful and skillful management.
The process of compliance training is ongoing and
requires continuous effort.
Updating and managing policies and procedures
demands considerable labor and attention.
Solution
Switch to a centralized compliance management
system
Automating the complaint workflow process can
reduce the time spent on dispute resolution.
Create online training modules into a SaaS-based
compliance management solution to make them
accessible to agents.
Switch to a centralized compliance management
system