Regulatory compliance: SOX, Solvency II, SSAE18-ISAE3402, local regulations (CNSF, CNBV, LFPDPPP)

Companies face overregulation and the lack of specific mechanisms that assist in supervising the compliance with regulatory obligations on behalf of different areas of the organization, as well as the lack of mechanisms to anticipate the adoption of new regulatory requirements.  These issues can result in legal violations the companies becoming subject to administrative, financial, or even criminal sanctions, and in some cases the loss of confidence and damage to their reputation with consumers, investors, and other interested parties.

Additionally, not having a specialized team within the organization to address these issues may engender excessive costs of implementation and execution, further complicating the task of ensuring that they are properly addressed.

In order to face the aforementioned challenges, Mazars offers the following services:

• Diagnosis, design, and implementation of compliance management (for example:  Law for Securities and Bonds Institutions – LISF, Regulatory Code for Securities and Bonds Institutions – CUSF, Stock Exchange Law, Credit Institution Law, Retirement Savings Fund Law, Anti-Money Laundering regulations, Personal Data Protection Law – LFPDPPP, tax laws, Social Security, local contributions, and others)
• Audits of regulatory compliance management
• Training in best practices for managing regulatory compliance
• Design and implementation of a code of conduct, anonymous report lines, as well as antifraud, anticorruption, and anti-money laundering mechanisms
• Advising and documentation of compliance controls SSAE18-ISAE3402

Mazars combines best practices with the nature, complexity, and size of the entity, allowing for a more thorough evaluation of the strategy for compliance with regulatory frameworks, as well as the development of remediation plans for areas requiring improvement. Additionally, you will have greater certainty of the correct execution of operations and creation of reports. We achieve all of this with the aid of technology that assists us in optimizing our efforts.

Are you interested in our Regulatory Compliance Management services? Contact our team.