Financial Crime World

Corporate Compliance Training Crucial for Austria’s Largest Conference Centre

The Vienna International Centre (VIC) and Austria Center Vienna (ACV), managed by Internationales Amtssitz- und Konferenzzentrum Wien, Aktiengesellschaft (IAKW-AG), recognize the importance of corporate compliance training in maintaining impeccable conduct among its employees. As Austria’s largest conference centre, VIC and ACV prioritize compliance as an integral part of their day-to-day activities.

What is Corporate Compliance?

In its most basic sense, corporate compliance refers to a company’s adherence to all applicable laws and regulations. However, the VIC and ACV take it further by adopting generally accepted principles aimed at positively shaping the behavior of business partners, stakeholders, and employees alike.

Code of Conduct

The company’s Code of Conduct sets out clear expectations and values for its employees, who are expected to behave in line with these standards.

Compliance Management System

To ensure continued adherence to expected standards, the VIC and ACV has established a comprehensive compliance management system overseen by the Management Board. The Compliance Officer plays a crucial role in the operational implementation of the compliance strategy and serves as the central point of contact for all compliance-related matters.

Risk-Centered Compliance Strategy

As part of its risk-centered compliance strategy, the VIC and ACV identifies potential compliance risks and defines risk processes to avoid them. Key measures include:

  • Risk Owners: Appointed individuals receive specific training to safeguard against compliance risks.
  • Regular Staff Training: Measures ensure that employees can identify compliance-related issues and act accordingly.

Commitment to Lasting Success

The company’s commitment to corporate compliance training is a testament to its dedication to lasting success. By prioritizing compliance, VIC and ACV demonstrate its commitment to maintaining high ethical standards and ensuring the continued trust of its stakeholders.