In the process, the business and IT consultancy firm focused specifically on specialists for defined subject areas. Along with Oliver Wittich, who advises on Corporate Compliance and Regulatory & Legal Change Monitoring in the capacity of senior consultant, experts were gained on the topics of anti-money laundering, sanctions (economic sanctions) and fraud prevention management (anti-corruption). All compliance experts speak fluent English, which takes account of the ongoing internationalization of compliance.
While compliance was formerly often perceived in companies merely as something that should be done, there has meanwhile been a change in the mindset. Numerous high-profile compliance violations (at Deutsche Bank, VW and Siemens, for instance) in combination with generally more stringent regulations have shown that the costs of effective compliance prevention are generally lower than the sanctions threatened.
The Compliance Cube
Based on statutory regulations, individual areas of compliance only apply to certain industries while others apply to all sectors. In order to take account of the complexity of the topic and to demonstrate all aspects, Q_PERIOR has developed its own Compliance Cube.