Business Compliance

Virtually all companies now have to comply in one form or another with legal, industry or internal regulations.

Typical regulatory and compliance drivers include:

• Sabanes Oxley / Patriot Act
• Anti money laundering and FSA regulations
• Data protection act Freedom of information act
• HM Customs & Inland Revenue
• Industry regulations
• Internal QA procedures & SOPs

In some cases failure to comply can result in prison sentences or large fines for company directors. This generally acts an a major incentive to ensure that compliance is achieved. The cost of compliance though can be very high and typically involves cross department/group checks and controls along with regular external audits.

Audits generally involve a detailed inspection of all business documents, procedures and exceptions, and this can be a time consuming process. Keeping a suitable archive of these can be a real pain for most businesses and usually it results in even more paperwork being stored.

Helping your regulatory department

DCS have a proven expertise in helping deliver solutions to resolve your regulatory and compliance problems and to enable organisations to improve and develop their procedures to match 'best industry practice' standards such as BS BIP0008 (Legal admissibility) or ISO15489 (Records management).

Typically DCS will provide:

• An initial assessment of what regulations are applicable
• Which are mandatory and which are recommended
• Gap analysis against current situation
• Recommendations for compliance
• Implementation of software and/or services if applicable
• External audits against BS BIP0008 or ISO15489, etc
• Ongoing support and assessment

Free compliance whitepapers

Example guidelines on retention policies (ISO 15489) - Records management and ISO 15489

Standards in legal admissibility (BD0008) - Legal admissability of scanned documents.

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