7 Essential Components Every Compliance Program Needs to Succeed
Building a robust compliance programme is like constructing a house: without solid foundations and proper framework, even the most expensive finishing touches won’t prevent eventual collapse. For organisations navigating today’s complex regulatory landscape, understanding and implementing the key components of effective compliance is essential for survival and competitive advantage. CompFidus guides businesses to transform their […]
Warning Signs Your ABC Compliance Programme Needs Attention
Anti-bribery and corruption (ABC) compliance is not something that can be left on autopilot. As global regulations grow more stringent and enforcement becomes more aggressive, businesses must ensure their ABC programmes are robust, responsive, and relevant. Failing to maintain a healthy compliance culture can expose your organisation to legal, financial, and reputational risks. So, how […]
What’s the Difference between KYC vs Re-KYC and Why It Matters
Many businesses understand the importance of Know Your Customer (KYC) procedures, but fewer grasp the critical role of Re-KYC. Understanding the difference between these two processes could save your organisation from compliance failures and regulatory penalties. What is KYC? KYC (Know Your Customer) is the initial background check you conduct before accepting a new customer. […]
Mauritius Budget 2025-2026: What It Means for Financial Services & AML/CFT Compliance
As Mauritius reaffirms its position as a dynamic international financial centre, the 2025–2026 Budget introduces a number of measures aimed at strengthening the country’s regulatory and compliance frameworks. These changes directly impact the financial services sector and highlight a national focus on combating financial crime, enhancing regulatory oversight, and building resilience. Here’s what financial institutions, […]
What is ABC Compliance? And Why It Matters More Than You Think
Maintaining ethical standards isn’t just good practice—it’s essential for organisational survival and success. Among the most critical components of business ethics is Anti-Bribery and Corruption (ABC) compliance. But what exactly is ABC compliance, why does it matter for your business, and how can you ensure you’re meeting the necessary standards? What is ABC Compliance? ABC […]
The Cost of Non-Compliance: What Can Happen if Your Business Slips Up?
Compliance today is no longer just a matter of good practice—it’s a critical component of sustainable success. From anti-money laundering (AML) and data protection to anti-bribery and corruption (ABC) laws, companies are expected to meet increasingly stringent regulatory standards. Yet, some businesses still underestimate the cost of non-compliance. So what exactly happens when your organisation […]
Mindful Browsing: How to Invest Your Online Hours in Compliance & AML/CFT Mastery
The digital age has transformed the way we spend our time. With just a few clicks, we can access endless streams of information, entertainment, and social media. But while the internet is a valuable resource, it can also be a time-consuming distraction. As of the third quarter of 2024, internet users spent six hours and […]
Best Career Options for Mauritian School Leavers on Eco side: Why Compliance Should Be on Your List
Just completed your A-Level Studies? Congratulations! Now comes the exciting (and sometimes overwhelming) part: deciding what’s next. While many students on the “Economics side” automatically think about careers in accounting or management, there’s another field that perfectly matches your skills but rarely makes it onto career pamphlets: regulatory compliance. In this article, we’ll explore why […]
How to Balance AI and Human Expertise in AML/CFT Programs 2025
As financial institutions increasingly rely on artificial intelligence for their Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) programs, the need for effective human oversight becomes critical. While AI systems excel at processing vast amounts of data and identifying patterns, their success ultimately depends on proper governance and skilled human teams. This article explores how […]
International Anti-Corruption Day 2024: Your Complete Guide to Business Integrity and Compliance
As we mark International Anti-Corruption Day this 9th December 2024, organisations worldwide face mounting challenges in maintaining robust anti-corruption compliance programs. With financial crimes becoming increasingly sophisticated, companies need expert guidance more than ever to protect their operations and reputation. In today’s complex global business environment, the fight against corruption requires a comprehensive and nuanced […]