ESTONIA: Expert Warns of Growing Importance of Compliance Risk Management as Economy Booms
As Estonia’s economy continues to grow, experts are sounding the alarm on the need for effective compliance risk management. According to Karen Einre, leading expert in risk consulting and internal audit at KPMG Baltics OÜ, compliance risk management is a crucial aspect of doing business in today’s complex regulatory environment.
The Importance of Compliance Risk Management
Compliance risk management is not just a necessary evil; it is a vital part of ensuring the long-term success of any business. In Estonia’s growing economy, companies need to prioritize compliance risk management to avoid potential fines and reputational damage.
Expertise in Regulatory and Compliance Risk Management
Einre has extensive experience in regulatory and compliance risk management, having worked for years in the financial sector. She notes that many clients from the financial sector, including:
- Credit institutions
- Investment market participants
- Payment institutions
are seeking her expertise on internal audit systems and risk management.
Sector-Specific Expertise
In addition to serving the financial sector, Einre also provides risk management advice to companies across a range of sectors, including:
- Transport
- Energy
- Public sector entities
Her extensive background in compliance risk management has equipped her with a unique ability to identify potential risks and develop effective strategies for mitigating them.
Certifications and Expertise
Einre holds multiple certifications, including:
- Certified Internal Auditor (CIA)
- Certified Anti-Money Laundering Specialist (CAMS)
- Estonian certified internal auditor
- International Advanced Certificate in Compliance from the International Compliance Association (ICA)
With her extensive expertise and certifications, Einre is well-positioned to help businesses navigate the complex regulatory landscape and ensure long-term success.
Conclusion
As Estonia’s economy continues to grow, experts like Einre are urging companies to prioritize compliance risk management. By doing so, businesses can avoid potential fines and reputational damage, and instead focus on achieving their goals and driving growth in a rapidly changing market.