Why SOX compliance is important for Banks?
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Acts as a guide for effective financial and data controls. -
Promotes sustainable corporate governance.
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Helps prevent data breach issues.
SOX penalties that Banks must avoid
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Monetary fines.
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Loss of reputation.
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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
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Set compliance programs across all departments and branches.
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Create the SOX specific compliance framework and manage compliance workflow.
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Automate compliance task assignment and management across the compliance team.
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Central repository for all your SOX compliance documents.
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Automate SOX audits and manage the recurring audit process.
Download the SOX compliance template for your Banks
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