From now on everyone can learn to check companies effectively and quickly, minimising their own risks. YouControl launched a free online training programme "Compliance". The course is written by practitioners: lawyers, attorneys, employees of banking institutions, state bodies. In addition to lessons prepared by Ukrainian speakers, there are classes from specialists of compliance departments of foreign companies: the United Kingdom, Canada, Armenia.
Compliance means compliance with certain laws, requirements or regulations. The term refers to compliance with appropriate standards of market behaviour, fair treatment of customers, management of conflicts of interests and compliance with the legislation in the field of economic activity.
Compliance has already gained considerable popularity in the world, and compliance officers are among the specialists most in demand. In Ukraine the direction is only gaining momentum. However very soon a compliance officer will become a relevant profession in our country as well. This trend emerges not in vain, because the consequences of the risks from non-compliance with the rules of compliance mean not only legal sanctions, financial and reputational losses but also involvement in corruption scandals and business destabilization.
Compliance becomes a kind of test for quality and compliance with standards. The procedure is especially relevant for those companies that are interested in entering the international market. After all, it inspires confidence. And abroad a compliance procedure is a mandatory requirement for all companies.
Read more: Signs of Unreliable Business: a Short List
Creating effective IT tools and ready-made solutions for checking of counterparties is one of YouControl’s core values. Based on the main mission of creating a transparent business environment and to disseminate knowledge and skills of working with open data in society, the company launched a unique free educational online project "YouControl Academy". Recently the project has been replenished with a new value-based programme – the course "Compliance". The curriculum teaches to find reliable business partners, to avoid economic risks and to take full advantage of open data sources. Almost 8 thousand specialists and university students have already used the programme.
The course is aimed at:
• compliance managers;
• company executives;
• managers of foreign economic activity;
• personnel specialists;
It will also be useful to anyone who wants to minimise their risks from cooperation with companies, checking compliance with their own expectations and the current legislation.
The knowledge gained due to the completion of the course will help better understand the basic principles and features of compliance, expand your horizons in terms of protecting the interests of your company, its reputation and financial component.
At present the course programme helps learn about:
• sanctions compliance;
• compliance in the field of personal data protection;
• financial monitoring as a type of compliance control;
• compliance in procurement;
• legal compliance;
• the integrated model Governance, risk and compliance;
• anti-corruption compliance;
• compliance of foreign counterparties;
• staff compliance, etc.
Every week the course is replenished with new lessons. At present "Compliance" consists of 26 unique lessons in a text form. Some lessons also support a video format and take the form of an interactive educational game. Firstly, the speaker introduces the topic of the lesson and explains the material. Secondly, s/he voices the question, simultaneously clickable variants of answers appear on the screen and a student chooses some variant. If the answer is correct, moving to the next question takes place. If not, the student should listen carefully to the speaker’s explanation once more and try again.
The lessons of the course were prepared by more than 20 experts: Ukrainian and international specialists from various companies and institutions, compliance officers, heads of specialised directions. The programme consists of a theoretical module and a practical module. Lessons from foreign experts are presented in a separate block. The final stage of each lesson for registered users of the YouControl system is the assessment of the acquired knowledge and passing the testing. It contains questions and tasks on the topic of the lesson.
To take the course, click on the section "YouControl Academy" at the bottom of the website page (in the footer) in the section "Services and programmes". Then choose "Compliance" from the list of offered courses and register for it.
The user can choose the number and sequence of classes by him/herself. The course is designed in such a way that you can "travel" from lesson to lesson, focusing on your own map of needs and desires. And the registration function in the YouControl system will allow you to learn about the appearance of a new lesson in time: the user will receive a notification about the appearance of a new lesson by email.
News 9 April 2021
Data on Fines from the Antimonopoly Committee of Ukraine Are Now in the Express Analysis
The Express Analysis from YouControl now shows fines from the Antimonopoly Committee of Ukraine (AMCU) for violating the rules of economic competition. Previously such information had to be sought in the official public announcements of the AMCU, now it can be checked in YouControl in 30 seconds. The tool will be useful to automate the process of checking a counterparty during tenders.
Blog 25 March 2021
Risks of Cooperation with Counterparties from Countries with a High Level of Corruption
The location of participants or beneficiaries of a company in the so-called risky jurisdictions attracts special attention of the National Bank of Ukraine (NBU) within financial monitoring. We devoted a separate article to this factor. You will find the whole series of articles on risk factors and the provisions of the Law on Financial Monitoring at the end of this article. The Corruption Perceptions Index is a global ranking of countries concerning their corrupt practices.
Blog 19 March 2021
Risks of Cooperation with Tax Evaders
Debts to the Tax Service are one of the risk factors according to the National Bank of Ukraine (NBU). The Express Analysis from YouControl draws your attention to this factor while checking a counterparty and works out if a company has a tax debt for the last available period. We are explaining what this means and why you need to be especially careful while working with such a counterparty. A tax debt is the amount of monetary obligation not paid by a taxpayer in a timely manner.