A Compliance Monitoring Policy is an internal document that sets out the standards and approach to monitoring business compliance within a Financial Crime Framework.
This Compliance Monitoring Policy template is provided in Word format over 8 pages and 1,684 words. Elements in [square brackets] require editing to make it specific to your organisation.
Design is based on financial services organisations globally and covers the following aspects:
1. Policy Statement
2. Scope
3. Minimum Standards
3.1 Responsibility
3.2 Review Planning
3.3 Fieldwork
3.4 Findings and Action
3.5 Report and Follow-Up
4. Governance
4.1 Roles and Responsibilities
4.2 Training and Communication
4.3 Review
4.4 Reporting and MI
4.5 Escalations
5. Records and Retention
6. Contacts