Compliance Management is an area that has been much discussed, being an increasingly necessary discipline, adopted and implemented by companies, however, since it is a topic that has had a major development in recent decades and is not yet widely implemented in the market , brings with it new terms and tools.
Also used to mitigate risks to the company’s image and reputation, Corporate Compliance programs aim to maintain the company’s compliance with legal requirements, regulations and guidelines, both external and internal, applicable according to the area of activity and activities performed. To do this, the company must know its customers, partners, suppliers and employees. These processes have different names in the market, and are often referenced by the terms KYC (Know Your Customer), KYP (Know Your Partner), KY (Know Your Employee), KYE (Know Your Employee), but are basically associated with the same activity , the realization of backgrounds checks.
In summary, although the diversity of terms and tools may cause greater difficulty for companies that are beginning to develop their programs, in understanding their objectives it is possible to identify that many of these are related to the same activities.
For more information on the subject, especially on the backgroud checks tool, we recommend the article www.lecnews.com.br/blog/conheca-todo-mundo/, published January 22, 2018.
