CFTC Sets Record in FY 2024 with $17.1 Billion in Sanctions and Relief
In 2024, businesses were hit with a record-breaking $17.1 billion in regulatory fines, with the CFTC leading a crackdown across multiple industries.
This alarming figure underscores a key reality: non-compliance is no longer an option. Without the right tools and strategies, businesses face significant risks such as financial penalties, legal repercussions, and reputational damage.
The Growing Need for Proactive Risk Management
Proactive risk management is essential for businesses aiming to protect themselves from regulatory pitfalls. It’s no longer enough to react to compliance issues as they arise. Today’s regulatory landscape is complex and constantly evolving, with severe penalties waiting for those who fail to stay ahead.
Proactive risk management involves anticipating risks before they materialise, assessing their potential impact, and implementing strategies to minimise exposure. By using the right tools, businesses can identify risks early, maintain compliance effortlessly, and avoid costly fines. This is where Symbiant comes in.
Symbiant Helps You Stay Ahead
Symbiant’s Governance, Risk, Compliance (GRC) & Audit management solutions provide businesses with real-time insights and automated processes, allowing you to stay ahead of regulatory changes and mitigate risks before they potentially result in fines. With Symbiant’s optional AI-Powered Assistant, you can:
Identify emerging risks
Our AI- Powered Assistant scan your systems for potential compliance issues and regulatory risks, and help you uncover blind spots. Rewrites risk descriptions for clarity & much more
Streamline processes
Automate workflows to ensure your compliance efforts are always up to date, reducing the time spent on manual tasks by up to 90%.
Stay ahead of regulations
Symbiant’s dynamic platform adapts to changing regulations, ensuring your business is always prepared for what's next. It provides actionable recommendations based on comprehensive data analysis.
Why Proactive Risk Management Matters
Don’t Wait for Penalties to Teach You a Lesson
The stakes are higher than ever. Businesses can no longer afford to be reactive in today’s regulatory environment. With Symbiant, you can ensure your business is always compliant from potential risks from as little as £300 a month.
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