Financial Crime World

Here is the rewritten article in markdown format:

Austria’s Compliance Officer Roles and Responsibilities Under Scrutiny

===========================================================

Introduction

Vienna, AUSTRIA - In an effort to ensure organizations in Austria operate within the bounds of the law, compliance officers play a crucial role in preventing and settling legal and internal policy violations. But what exactly are their responsibilities? And how can one become certified as a compliance officer?

What is a Compliance Officer?

According to industry experts, compliance officers are specialized executives responsible for developing, implementing, and reviewing internal controls, policies, and procedures to ensure organizations comply with national and international legislation, regulations, and standards. Their duties include:

  • Providing advisory support and guidance to management on risk management, regulatory compliance, internal controls, and corporate governance
  • Planning and implementing training programs for employees and associates to raise their awareness of compliance policies and rules

Becoming a Certified Compliance Officer

To participate in the certification scheme, applicants must meet the following requirements:

  • Be at least 21 years old
  • Have either completed higher education or gained three years of professional experience as a compliance officer or in a compliance division
  • Those with non-law, business administration, or economics degrees may need to undergo 40 hours of theoretical training on organizational compliance

Certification Process

The certification process involves a theoretical examination, which must be passed to receive a five-year valid certificate of compliance. The certification procedure has been accredited by the Hellenic Accreditation System (E.SY.D.) and meets the requirements of the ISO/IEC 17024 International Standard.

Contact Information

For more information on the certification scheme, including examination dates, prerequisites for participation, and costs, interested parties can contact the People Certification Department at: