A properly designed compliance system allows you to safeguard the interests of the organization, ensure proper operation and development, and reduce the risk of liability on owners, officers and managers, as well as minimize the risk of penalties and financial losses that could threaten the continuity of operations and market position. Our knowledge and practice in building and maintaining effective compliance systems is based on experience gained from in-house legal positions and external consulting for entities in the most highly regulated sectors of the Polish economy, particularly the banking sector.
What we offer
- A systems-based approach to building compliance and compliance maintenance systems, in accordance with the financial sector's best practices. This involves a number of functions including development of standard operating procedures, risk assessments, establishing lines of defense, allocating roles and tasks, establishing ongoing processes for monitoring control mechanisms, independent verification, operating universally, and anything else relevant to and / or appropriate to a particular organization; we tailor solutions to the scale, specificity and type of activity of the entity.
- Preparation and implementation of core compliance procedures -- procedures for reporting violations and irregularities (whistleblowing), procedures for verification of contractors, purchasing policies, conflict of interest management and anti-corruption.
- Programs and trainings on how to approach and build compliance systems in an organization.
- Audits and assessments of organizations' compliance systems.
- Implementation and compliance audits of assurance mechanisms in selected business areas, including GDPR, AML, payment services, AI, cybersecurity, intellectual property, labor law, and of course whistleblowing.
Selected experience
- Audits and implementations of compliance systems in Poland's largest companies and capital groups, including banking, energy and other critical infrastructure sectors.
- Projects for the implementation of laws and regulations covering compliance systems, internal control systems and corporate governance for domestic banks which includes Recommendation H of the Polish Financial Services Comission KNF (internal control system), the regulation of the Ministry of Finance on the risk management system, the KNF's Corporate Governance Principles for Supervised Institutions, and the Good Practices of Companies Listed on the Warsaw Stock Exchange.
- Advising one of Poland's largest banks in adapting its organizational structure and project execution model in agile methodology, in compliance with, among other things, the requirements of Recommendation H and the KNF's Corporate Governance Principles.
- Implement customized compliance systems for smaller businesses.
- Dozens of completed audit, implementation and compliance projects with complex regulations such as AML, GDPR, PSD2, UKSC (NIS), DORA, KNF Recommendations and EBA Guidelines.
Reputation
- Anti-Money Laundering and Terrorist Financing. A Practical Guide, Wolters Kluwer Polska 2018.
- M. Ćwiakowski, Ograniczanie zatorów płatniczych w systemie compliance przedsiębiorstwa (in:) Jacek Liput (ed.) Ograniczanie zatorów płatniczych. A practical guide.
- M. Ćwiakowski, Anti-Corruption and Corruption Crimes in the Context of Whistleblower Protection (in:) Aneta Sieradzka, Moniki Wieczorek (eds.), Protecting Whistleblowers. A Practical Guide With Models for the Public and Private Sectors.