After several economic crises – especially, the most
recent in 2008 - businesses have had to reinvent themselves to
prove to their clients, partners, employees, and stakeholders that
their values and ethics have become stronger and that they are
completely trustworthy at every level of their operations.
Having a strong and effective compliance program is no longer an
option, but a smart and strategic business requirement that leaders
must demonstrate to prove that they are offering something over and
above profitability. They must offer a "risk management"
and stable environment, within which they can still achieve their
goals and increase earnings.
Under the compliance umbrella, anticorruption, trade, antitrust,
anti-bribery, data privacy, and antimoney laundering are only a few
examples of the areas being covered. Additionally, a company needs
to execute its internal controls policy to ensure both compliance
transparency and employee adherence behavior. Multinational
companies that decide to operate in both high-risk and emerging
markets often represent a bigger challenge to compliance because of
the business environment and how they operate with third parties
and their clients.
At Arias & Muñoz we strongly believe that the key
factors for companies to achieve a high-risk control environment,
embed a compliance culture, and build trust and sustainability are
both having an effective compliance policy in place as a market
differentiator and being able to lead with integrity while still
making sure their business operations continue delivering the
growth, market, and financial results that their stakeholders
For more information about our Compliance Services and how we
support our clients - from both the legal and business perspective
- in creating, implementing and improving their compliance policy
programs, please do not hesitate to contact us. We will be happy to
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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In many of my writings I try to bring together my fascination for history with my professional and academic interest in the law.
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