As winter starts to recede, thoughts turn to warmer days and the need to embark on the traditional spring cleaning. While that’s usually an at-home affair, it can and should also apply to your compliance program. And while a compliance clean doesn’t involve moving furniture and rolling up carpets, it does mean shaking off some of the dust.
Block some time off to look at your policies and procedures. Do any of them still refer to pagers or Blackberrys? Is there a reference to a risk area in a division that has been spun or sold off? Do new risks—such as doing business with Russia and Iran, or the latest cyberthreats—get the attention they deserve?