What is a Compliance Officer? Why Every Company Needs One?
Once the Reform of the Criminal Code was approved by the Congress of Deputies, the figure of the Compliance Officer arrived at Spanish companies by law, and their main function will be avoiding the commission of errors by an organization, as well as to manage the company’s crime prevention system.
The compliance officer is in charge of guaranteeing that companies and organizations comply with the law and is a very important figure within the corporate environment, participating directly in business decision making.
There is also the chief compliance officer (CCO), a figure that has the mayor authority and responsibilities inside the company, as well as total freedom to operate and implement measures for the prevention of legal risks, take care of the staff training, research, recommend sanctions, etc.
Compliance is a group of procedures and good practices adopted by the organizations to identify and classify possible risks and breaches of legality.
The director of the compliance must inform about the possible risks and breaches of a company, for this they will have to carry out monitoring, control, implementation, and notification tasks to enable them to detect such risks.
As it is established in the criminal code, the compliance program must be implemented by a body independent from the company, which will have full powers of initiative and control and will be responsible for monitoring the effectiveness of the established controls.
In Lawyers & Accountants, we put ourselves at your disposal to carry out the tasks of a compliance officer of your company, through lawyers specialized in prevention of legal risks and supervision, who will be responsible of preventing crimes from being committed in the company.
In Lawyers & Accountants, we will implement a compliance program and carry out the functions of the compliance officer independently of the company, preventing the commission of any type of crime and warning of possible deficiencies that we detect.