Compliance
Our professionals have significant experience in structuring, implementing, managing, and advising on all aspects of compliance programs for organizations and enterprises across the spectrum of industries, sizes, and types. Gemean combines operational experience with industry-leading data analysis, risk management, information technology, auditing, and business operations expertise. This interdisciplinary competence enables Gemean to design and assist in implementing programs that integrate governance, risk, and compliance principles and enterprise systems, to ensure that potential compliance lapses are quickly identified and effectively addressed. We recognize that each organization’s processes and procedures are unique and require tailored solutions to respond appropriately when compliance issues occur.
Crypto Regulatory Environment
Effective management of compliance programs requires real-time, data-driven tools and technologies to identify issues and analyze trends quickly. Recently there has been a flood of new crypto regulations, as well as sweeping enforcement actions against virtual assets service providers and their executives for lack of regulatory compliance. There are varying levels of maturity and sophistication in AML/CTF regimes around the globe. The gaps in these regulations present avenues that can be exploited by money launderers and terrorist organizations. US regulators (CFTC, FinCEN, SEC, NY BitLicense) are ahead of the curve than most of the globe. At Gemean, we have anti-money laundering and counter financing terrorism expertise in the following areas around the globe.
- Crypto to fiat
- Crypto to crypto
- Custodians
- Initial Coin Offering
- Exchanges
- Wallets
- Privacy Coins
- Smart contracts
Audits & Monitoring
A company must audit and monitor adherence to compliance and ethics principles and processes to ensure actual observance of compliance requirements. Gemean provides a technical bench and trusted insights into regulators’ perspectives. Our team assist clients in understanding and responding to regulatory inquiries. In addition, we assist clients in navigating the complexities of the regulatory environment. Gemean’s compliance experts are familiar with compliance program auditing and monitoring best practices, and assists its clients with the:
- Review the design, implementation, and improvement of internal audit and compliance controls
- Monitor issues reported under or occurring within compliance program policies, processes, systems, and tools
- Conduct of periodic audits of the effectiveness of compliance policies, practices, and controls
Internal Investigations & Remediation
How an organization investigates and addresses incidents can differentiate between a successful resolution and further internal difficulties. One of the most important elements of an effective compliance and ethics program is the manner in which an entity or organization handles compliance issues when they arise. From the initial issue through data gathering and personnel interviews, to the final determination of potential discipline and program improvements, an organization needs to carefully craft its internal investigation and responses with consideration of many different stakeholders.
Gemean’s team of compliance professionals advises clients on structuring and managing their internal investigations process to obtain the most effective and beneficial results while avoiding the pitfalls that can occur in the internal investigation process.
- Manage and assist clients with performance of internal investigations
- Supports clients in managing and responding to regulators and inquiries
- Conducts forensic investigations in support of client internal and external investigative issues
- Provides recommendations for issue remediation
- Assists clients in preparing and reporting issues for both voluntary and mandatory disclosure
Risk Management & Assessments
Compliance programs are effective only if tailored to address the associated risks that may impact an organization. Internal controls play a critical role in public and private companies as they establish safeguards to an organization’s assets and minimize the opportunities to commit fraud and allow errors to go undetected. Internal controls are foundational to reliable financial reporting, and deficient controls can create the opportunity for future misstatement or misconduct.
Third-Party Oversight
Failure to ensure third parties act appropriately can result in severe negative consequences for an organization. An organization cannot rely only upon its own personnel to act in a compliant manner. The actions of an entity’s third-party stakeholders, including agents, partners, representatives, intermediaries, suppliers, and vendors, can have a dramatic impact on the legal obligations and liabilities, operational efficiencies, and brand reputation of the entity. It’s necessary for organizations to ensure that their third-party stakeholders also implement and manage compliance programs that address the risk areas. At Gemean, we assist clients in reviewing, designing, and overseeing their third-party stakeholder compliance programs:
Gemean’s team of compliance professionals advises clients on structuring and managing their internal investigations process to obtain the most effective and beneficial results while avoiding the pitfalls that can occur in the internal investigation process.
- Assessment of regulatory and operational risk arising from contemplated business transactions
- Designing and implementing third-party risk mitigation strategies
- Reviewing, designing, creating, implementing, and improving vendor and supplier codes of conduct
- Assessing and implementing improvements to various department such as purchasing, procurement, and supply systems for vendors
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Information Governance
Most companies embrace the benefits of “big” or structured data and the related business intelligence it delivers. But with big data comes big responsibility for managing immediate and future legal and regulatory risk. Information governance goes beyond retention and disposition to include privacy, access controls, and other compliance issues.
Data Archive
At Gemean, we know that data storage is key to protecting your business and your clients. Our team knows how to help you select the best data storage options for your business.
Data Archive
Gemean understands the nuances of different data types and their storage hurdles. Whether is structured, unstructured, or any other data type, we are able perform client-specific assessment to help identify best data storage options so you can make the best decisions regarding your long-term data storage needs.
We provide remote, cloud-based data storage options for our clients. This enables them to save computing resources for day-to-day operations.
GDPR & Data Privacy
At Gemean, we know that data privacy is key to protecting your business and your clients. Our team knows how to help you navigate the regulations surrounding data privacy.
GDPR
Gemean understands the nuances of different industries and their regulatory hurdles.
Whether is HIPPA, GDPR compliance, NYDFS SEC, PCI, or any other compliance issue we are able perform client-specific assessment that marries strategy, risk management, investment, and risk-transfer decisions. These assessments are based on the National Institute of Standards and Technology (NIST) Cybersecurity Framework and we use other detailed risk matrices to confirm that your policies, training programs, and security infrastructure complies with applicable regulations. Our assessments include:
Data Privacy
Our data privacy consultants assist our clients with the design and implementation of custom solutions needed to meet and exceed the requirements of best practice, ethical operations, and regulation. We work side by side with our client to creating repeatable strategic solutions for the management of data privacy. Furthermore, we work to identify gaps within existing privacy programs and design solutions to address those challenges. Lastly, we keep our clients up to date on data privacy trends like GDPR compliance.
Our privacy service offering includes but is not limited to the following:
- General Data Protection Regulation (GDPR) Maturity Assessments
- California Consumer Privacy Protection Act (CCPA) Priority Assessments
- Health Insurance Portability and Accountability Act (HIPAA) Assessments
Maturity Assessment
Protect and Enhance Your Information Assets
Most companies embrace the benefits of “big” or structured data and the related business intelligence it delivers. But with big data comes big responsibility for managing immediate and future legal and regulatory risk. Information governance goes beyond retention and disposition to include privacy, access controls, and other compliance issues.
It’s no surprise that information governance often seems disruptive, prohibitively expensive, and difficult to make a priority. The price of ignoring information governance, however, can be huge costs and potential sanctions down the road. Fortunately, there is a faster and easier way to gain business value from information resources while improving the integrity and security of critical business data.
An Information Governance Maturity Assessment by Global Colleague provides you with a roadmap for improving effectiveness and efficiency and mitigating risks. We streamline the process with a refreshingly straightforward approach that is among the most cost-effective in the industry. A Global Colleague assessment takes weeks, not months, and does not disrupt employees’ work in the process.
… there is a faster and easier way to gain business value from information resources …
We combine industry best practices with our own practical, proven approach. The result is
an accurate, high-level overview of your current information governance opportunities and risks, along with recommendations about where your organization can realize the greatest bene ts as quickly as possible.
Benefits of an Information Governance Maturity Assessment
- Fixed Price: Eliminates the fear of cost overruns and scope creep.
- Quick Turnaround: We complete your assessment in weeks, not months.
- Expertise: We have assessed the information-governance maturity of some of the world’s largest organizations.
A Streamlined Process
Legal Hold
Legal Hold Done Right
We provide people, processes, and tools for all aspects of the legal hold process.
Corporations are in the midst of a potential legal-hold perfect storm: stricter legal-preservation requirements and a greater willingness of courts to sanction companies who fail to properly preserve relevant records. This, combined with new technologies and increasing volumes of data, means far greater complexity.
Don’t be caught off guard.
Let experienced professionals provide expertise, knowledge, and resources to manage and improve your legal-hold management capabilities. From time-consuming data entry to issuing and tracking communications to managing critical deadlines, Gemean works with you to cost-effectively keep all
legal-hold processes on track.
Our team has extensive legal-hold knowledge and experience and we offer a secure, hosted legal-hold platform. We’re a proud partner of Legal Hold Pro, an on-demand software service that streamlines the practice of issuing legal holds.
Award-winning software is just the beginning of the Gemean difference. We use best practices that are recorded, repeatable, and defensible.
Our experienced professionals manage all the details, freeing your team to focus on their main responsibilities.
Gemean provides highly qualified legal- support resources to support all aspects of your legal-hold process, including:
- Working with your legal team to determine all existing legal-hold obligations and recording them in legal-hold software.
- Creating, monitoring and updating matter and hold records on an ongoing basis.
- Assisting in-house and outside counsel with identifying records subject to a legal hold, and creating and managing collection requests.
- Monitoring legal-hold-notice acknowledgments and proactively following up with past-due recipients to ensure timely acknowledgment of receipt and understanding of legal hold notices.
- Preparing and distributing periodic legal-hold status reports to managing attorneys and other appropriate stakeholders.
Assisting in-house and outside counsel with revising and reissuing legal-hold notices. - Don’t get lost in the thicket of rules, regulations, and technical details surrounding data- preservation. Engage Gemean and let us provide you with the knowledge, experience, and resources needed to navigate today’s complex legal- hold landscape.
The Gemean Difference
- Knowledge: Our professionals are uniquely qualified to deliver highly skilled, cost-effective legal-hold services.
- Experience: We have helped some of the world’s largest corporations improve and manage their legal-hold processes.
- Technology: Our managed Legal Hold platform provides the fastest, most reliable way to effectively automate the legal-hold notification and compliance process.
Preservation
At Gemean, we know that data preservation is key to maintaining the integrity of your case. Our team knows how to help you collect data at a specific point in time and then preserve it in a manner prevents changes to the data. We support in the data collection process from acquisition to preservation to preparation for review.
Call Us Today to Schedule a Free Consultation
Information Governance
Most companies embrace the benefits of “big” or structured data and the related business intelligence it delivers. But with big data comes big responsibility for managing immediate and future legal and regulatory risk. Information governance goes beyond retention and disposition to include privacy, access controls, and other compliance issues.
Archive
Archive your data in a cloud-based environment
GDPR & Privacy Matters
Navigate the regulations surrounding data privacy.
Information Governance Maturity Assessment
Build a roadmap for improving effectiveness and efficiency and mitigating risks.
Legal Hold
We provide people, processes, and tools for all aspects of the legal hold process.
Preservation
Collect and protect your data to maintain data integrity for your case.
Archive
Archive your data in a cloud-based environment
GDPR & Privacy Matters
Navigate the regulations surrounding data privacy.
Information Governance Maturity Assessment
Build a roadmap for improving effectiveness and efficiency and mitigating risks.
Legal Hold
We provide people, processes, and tools for all aspects of the legal hold process.
Preservation
Collect and protect your data to maintain data integrity for your case.