ARTICLE · 07 OCTOBER 2021
How To Remain Compliant With The Three Lines Of Defence Model
The Three Lines of Defence (3LOD) compliance model should be a crucial area of focus for businesses wanting to uphold a robust risk management process, explains Newgate Compliance's Head of Financial Crime, Joe French.
The Three Lines of Defence (3LOD) compliance model
should be a crucial area of focus for businesses wanting to uphold
a robust risk management process, explains Newgate
Compliance's Head of Financial Crime, Joe
French.
Since the onset of the Covid-19 pandemic and the upending of
traditional working practices, the UK's Financial Conduct
Authority (FCA) increasingly expects firms to focus on
'tone from within', which requires every person in an
organisation to be personally accountable and engaged for its
compliance with FCA rules. Firms must therefore review and adapt
their 3LOD model to ensure that it effectively addresses any risks
posed by the pandemic.
Line 1 - Employees
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