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ICC Qatar, EY review principles and practices of integrity and compliance.
Aug 22, 2024

The International Chamber of Commerce Qatar ‘ICC Qatar’, in collaboration with EY, have organized an event titled ‘One Size Does Not fit All: Tailoring The Integrity & Compliance Solution’ at Qatar Chamber’s premises. In today’s changing world, reputation is the backbone of companies and their ability to do business. Reputation built over a decade could easily be ruined through actions that are not in accordance with accepted standards and regulations. Nevertheless, having a robust compliance program can help business to mitigate potential wrongdoing, protect reputation and reduce or even avoid regulators’ fines and penalties. The event’s main goal was to provide the audience with insights and strategies related to building a fit for purpose compliance framework, best practices, recent compliance regulatory and technology trends, and effective instruments of compliance monitoring. The event gathered many participants from different sectors in Doha; Insurance companies, Banks, Consulting Companies, Universities, Law Firms, Exchange Companies and Logistics Companies. The event also convened numerous speakers from various sectors in Doha; Mr. Dhritimaan Shukla, Partner – Forensic & Integrity at EY, Mr. Andreas Pyrcek, Partner – Forensic & Integrity at EY, Mrs. Kseniia Neboga, Director - Forensic & Integrity at EY, Mr. Alexandre Akhavi, Legal & Compliance Director at Maha Capital Partners, Mrs. Donia Droubi, Head of Legal and Compliance, Coastal Arabia Cluster at Nestlé Middle East, Mrs. Camille Roberts, Compliance Manager & MLRO at Credit Agricole CIB QFC Branch, Mr. Sundaresan Rajeswar, Group Internal Auditor at Teyseer Group, and Mr. Muhammad Solwa, Director Internal Audit at Sidra Medicine. In a statement, the ICC Qatar said: "As part of our mission, ICC Qatar was keenly interested in hosting this seminar aimed at instilling the principles of Compliance and encouraging businesses to adopt best practices related to integrity, transparency, and reputation maintenance. During the seminar, Mr. Dhritimaan highlighted: “Integrity is the foundation of trust which in turn builds better organizations. In addition, Compliance should work along with business, and constantly transform itself in order to cater the needs of the evolving business and regulatory environment.” For his part, Mr. Andreas emphasized: “The future of compliance is human-centric, where technology serves to enhance the human judgment and ethical considerations that are the true drivers of compliance, and not to replace it.” He added: “When technology and change management align harmoniously in compliance initiatives, they pave the way not only for regulatory adherence but also for surpassing expectations through innovative and efficient practices.” He also clarified: “As technology progresses, our compliance strategies must evolve in tandem. Embracing digital transformation is imperative, not just a choice, to maintain a competitive edge within intricate regulatory frameworks and fulfill the expectations of compliance stakeholders. Compliance technology adoption without effective change management is like installing a new engine in an outdated vehicle; it holds immense potential but requires proper support to push it forward.” In her turn, Mrs. Kseniia stressed: “A Compliance Officer serves as a strategic advisor, entrusted to steer the organization towards decisions that align with its mission, vision, and values, while adhering to the significant compliance obligations that govern its operations. Moreover, identification of compliance obligations and risks is centric to constructing a robust compliance framework. This framework is not a singular endeavor but rather an ongoing journey, reliant on continual top management support to foster a culture of ethics and compliance throughout the organization.”\nThe International Chamber of Commerce Qatar ‘ICC Qatar’, in collaboration with EY, have organized an event titled ‘One Size Does Not fit All: Tailoring The Integrity & Compliance Solution’ at Qatar Chamber’s premises.

Topic of interest:

chamberservices

Banking

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