Financial Crime World

Risk-Based Approach to Compliance Takes Center Stage in Syrian Arab Republic

Introduction

A comprehensive risk management package has been developed by humanitarian partners working in the Syrian Arab Republic. This initiative aims to empower aid organizations to take a proactive approach to managing risks, ensuring quality interventions, and promoting transparency.

The Risk Management Package

The package includes a risk analysis tool that facilitates the identification, profiling, assessment, mitigation, and management of risks. This tool enables organizations to maintain an internal risk register, populate their databases, and monitor performance.

Key Components:

  • Risk Analysis Tool: A step-by-step process for assessing risks, which can be exported into an automated report.
  • Risk Management Guidelines: A set of guidelines that facilitate collective and standardized approaches to risk management, planning, joint advocacy, and communications.
  • Risk Management Minimum Standards: Proposed standards for use in cross-border responses, suitable for remote management purposes.

Benefits

The risk analysis tool promotes transparency and accountability by allowing organizations to attach their honest risk strategy to proposals and reports. The package has been reviewed and updated to include parameters for assessing COVID-19 risks, enabling aid agencies to adapt their risk management strategies to address this evolving threat.

Availability

The complete Risk Management package is available for download, offering a comprehensive resource for humanitarian organizations working in the Syrian Arab Republic.

By embracing a risk-based approach to compliance, aid agencies can ensure that their interventions are effective, accountable, and responsive to the needs of affected populations.

Quotes

“We believe that risk management is a critical component of quality humanitarian interventions,” said Mark Cutts, Deputy Regional Humanitarian Coordinator for the Syrian Arab Republic. “It’s essential to identify and address risks proactively, ensuring that our responses are effective and accountable.”

The risk-based approach to compliance takes center stage in the Syrian Arab Republic, empowering aid organizations to manage risks effectively and ensure quality interventions.