A RISK-BASED FRAMEWORK FOR ASSESSING A …

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A RISK-BASED FRAMEWORK FOR ASSESSING A compliance CULTURE By: Francisco Daniel Zepeda L zarus, PhD, MBA, CAMS, CFE, AML-CA CAMS-AUDIT Advanced Certification White Paper August, 2015 A RISK-BASED FRAMEWORK for ASSESSING a compliance Culture TABLE OF CONTENTS I. EXECUTIVE SUMMARY 1 II. introduction 1 III. UNDERSTANDING A compliance CULTURE 2 A. Defining a compliance Culture 2 B. Promoting a compliance Culture 5 C. Similarities with Risk Culture 6 D. Organizational Dynamics that Shape a compliance Culture 8 E. ASSESSING a compliance Culture, is it important? 9 IV. THE RISK-BASED ASSESSMENT FRAMEWORK 9 A. Overview of the Assessment FRAMEWORK 9 B. Low Risk: an Engaged Culture 11 C. Medium Risk: a Disconnected Culture 11 D. Medium Risk: a Disoriented Culture 12 E. High Risk: an Apathetic Culture 12 F. Very High Risk: an Antagonistic Culture 13 V.

A Risk-Based Framework for Assessing a Compliance Culture TABLE OF CONTENTS I. EXECUTIVE SUMMARY 1 II. INTRODUCTION 1

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