COMPLIANCE CHECKLIST

Banking Industry Compliance with SOX

SOX is one of the primary internal control frameworks that banks use across the globe. It helps banks improve their internal control measures and financial reporting.

SOX framework checklist

Why SOX compliance is important for Banks

Acts as a guide for effective financial and data controls.
Promotes sustainable corporate governance.
Helps prevent data breach issues.

SOX penalties that Banks must avoid

Monetary fines.
Loss of reputation.
Discontinuation of business operations.

How this compliance template can help with SOX compliance

This SOX, internal control framework has been explicitly designed for Banks to create a sound internal compliance management culture in the organization. The framework lists all the specific compliance requirements and tasks a Bank must comply with to maintain its compliance with SOX requirements.

How VComply can help in SOX compliance

Set compliance programs across all departments and branches.
Create the SOX specific compliance framework and manage compliance workflow.
Automate compliance task assignment and management across the compliance team.
Central repository for all your SOX compliance documents.
Automate SOX audits and manage the recurring audit process.

Download the SOX compliance template for your Banks

Drive efficiency and value across your business with VComply’s user-friendly platform.