POL00460581
POL00460581
Group Compliance
Compliance function - currently 3 teams, providing oversight of
Financial Crime and Money Laundering, including Supply Chain
Compliance (this team includes the MLRO);
+ Anti-Bribery and Corruption
+ Data Protection and Information Rights, (working alongside the DPO);
+ Banking Services - supporting with interaction with regulators & banks
+ Financial Services Regulation and Conduct Risk - with our 3 Principals:
+ Group Policy Oversight
Objective: To provide a comprehensive 2% line compliance function across
the organisation
ey areas of current focus
FO!s- significant increase in volume & complexity since start
of 2024. ICO engagement & action
+ DSARS - significant increase in volume, driven by RU matters
+ Counter-fraud POL risk assessment - meeting POL's ECCTA
obligations
+ FS Conduct Risk RACI - ensuring effective 3LOD model with
our Principals
+ Roll out of controls oversight - creating & delivering plan as 2n¢
line oversight limited
+ Policy oversight - rolling programme of Group Policies
oversight
+ There is limited / no second line compliance oversight and
assurance of significant areas of the Post Office, e.g.,
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+ 172 open FOls (127 RU cases)
+ 314 FOI requests since 01.01.24
+ 104 overdue RU FOIs and 24 overdue BAU FOls.
+ 272live DSARs
+ 454 DSARs received since 01.01.24
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