Compliance

Compliance

BDO Legal offers compliance advice tailored to the respective business. Our specialists assist in professional risk analysis and the conception, implementation, and further development of a Compliance Management System (“CMS”), especially in the areas of anti-corruption/conflict of interest and antitrust law, but also for subjects such as export control and data protection law. 

In addition, our lawyers take over the position as external Chief Compliance Officers and external ombudspersons for companies. Thus, we strategically and operationally advise companies on the organization and enforcement of their CMS fulfilling their compliance responsibilities. 

Our advisory activities focus on, among other things, the following key issues: 

  • Conducting risk analyses and creating corresponding Compliance Risk Reports 

  • Reorganization of business processes in companies to ensure compliance 

  • Structuring of a CMS 

  • Design and implementation of compliance guidelines 

  • Creation of training materials and support in conducting training sessions 

  • Contract drafting with compliance considerations 

  • Establishment of compliance reporting systems 

  • Controlling, reporting, and monitoring activities in the compliance area 

  • Organizationexecution and support of internal company investigations, including related interviews. 

  • Design and implementation of whistleblower systems including taking over the position as external ombudsperson 

  • Taking over the position as external Chief Compliance Officer 

In recent years, the legal requirements for business conduct have significantly tightened. Nowadays, many legal regulations and court judgments must be taken into account for "standard" commercial transactions. This applies not only to medium and large companies but also the demands on small businesses have increased. Often, however, there is a lack of personnel, organizational, and financial resources. 

According to the German Whistleblower Protection Act (Hinweisgeberschutzgesetz), which came into force on July 2, 2023 and implements the EU Whistleblowing Directive in Germany, a whistleblower system has to be in place also for smaller and medium-sized companiesThe Whistleblower Protection Act aims to protect individuals who report certain legal violations which take place in companies or authorities and, therefore, provides for as follows:  

  • Companies with more than 250 employees and authorities with more than 50 employees must provide an internal whistleblower system. This also applies to municipalities with more than 10,000 residents. For smaller companies between 50 and 249 employees, this obligation applies as of December 17, 2023. 

  • The internal reporting channel must be designed, set up, and operated in such a way that the confidentiality of the identity of the whistleblower and third parties mentioned in his/her report is protected. 

We take these concerns and obligations off your hands

With "BDO Compliance Assistance", you comply with all standards required in the upcoming Whistleblower Protection Act for setting up and maintaining a whistleblower system. 

Our web-based BDO Legal whistleblower portal ensures global accessibility in numerous languages.  

Additionally, with our service, you receive other practical assistance services. 

Our offer for you: 

  • Setting up a whistleblower system, including a web-based BDO Legal whistleblower portal. 

  • Criminal defense emergency call (24/7). 

  • Money laundering alert for suspicious cases (Monday to Friday from 9 am to 5 pm, except on public holidays)*. 

  • IT emergency hotline**. 

  • IT security consultation (1h/month, max 3 hours/year)**. 

  • Digitalization consultation (1h/month, max 3 hours/year)**. 

  • Continuous training in the field of compliance (1 training/month). 

Your benefits: 

  • Secure transmission of information to lawyers: confidential handling of information and potential assurance of the whistleblower's anonymity. 

  • Years of experience as ombudspersons ensure practical recommendations for clarifying incoming reports. 

  • Our service (depending on the company size) is feasible in most cases for less than the cost of a lawyer's hourly rate per month. 

  • Sensitization and training of employees on all practical compliance issues. 

  • Proof of compliance activities to clients and government agencies. 




* provided by BDO AG Wirtschaftsprüfungsgesellschaft. 

** provided by BDO DIGITAL GmbH. 

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