What is its importance?
Posted: Wed Jan 22, 2025 9:33 am
Right off the bat, financial compliance initiatives address a key concern of any business, especially in times of crisis: cost reduction. With the economy in slow motion, inflation soaring and default rates on the rise, no business can afford to neglect even a single cent of its cash flow.
In this way, financial compliance prevents losses by avoiding transactions that could be harmful to the company's account, either due to excessive costs or the need to subsequently face legal proceedings due to misconduct.
Many tax evasion and money laundering crimes, for example, can be identified through careful analysis of contracts and transactions. This ensures that they all have a reason for being and are carried out in accordance with applicable legislation.
Furthermore, by preventing behaviors that could lead to legal problems, financial georgia phone number list also strengthens the company's reputation, which significantly affects its perception in the market. The better the company's image among consumers and partners, the greater the chances of new agreements and business.
This becomes even more relevant when we think about the growth of the ESG agenda (acronym for Environment, Social and Governance ). Companies that base their operations on these pillars are ahead of the competition and can obtain a series of competitive advantages.
In this way, financial compliance prevents losses by avoiding transactions that could be harmful to the company's account, either due to excessive costs or the need to subsequently face legal proceedings due to misconduct.
Many tax evasion and money laundering crimes, for example, can be identified through careful analysis of contracts and transactions. This ensures that they all have a reason for being and are carried out in accordance with applicable legislation.
Furthermore, by preventing behaviors that could lead to legal problems, financial georgia phone number list also strengthens the company's reputation, which significantly affects its perception in the market. The better the company's image among consumers and partners, the greater the chances of new agreements and business.
This becomes even more relevant when we think about the growth of the ESG agenda (acronym for Environment, Social and Governance ). Companies that base their operations on these pillars are ahead of the competition and can obtain a series of competitive advantages.