and achievements.
European Finance House announces the implementation of jComply
14 April 2010
European Finance House has announced that they will be implementing jComply to distribute and train employees on policies and procedures related to anti-money laundering and counter terrorist financing.
Bracknell, UK – 14 April, 2010 European Finance House is part of the Qatar Islamic Bank and is a growing force in the world of Islamic banking. European Finance House offers Shari'a compliant financing and investment products for both Islamic and non-Islamic clients. Some of the services offered include Murabaha, Mudaraba, Ijarah, Istisnah and Musharaka.
European Finance House will be using jComply in their Anti-money laundering department. jComply will be used to create, manage and distribute AML/CTF policies on anti-money laundering and counter terrorist financing.
To find out more about jComply, click here.
About jComply
jComply is a complete 360° application to introduce policies and procedures in the company. jComply enables you to create and manage policy documents using the built-in review and approval workflow, disseminates the documents to the employees, trains the employees, tests their knowledge on policies and procedures and generates reports on the company´s compliance level.
Additional modules to support the process of compliance include accident and incident management, risk assessment, audit, forms and a mobile module for supporting field workers.
In this day and age, every mid to large size company is regulated by some authority or government body. For banks and building societies, it is FSA, EU, MiFID, FATF, Basel Committee; for healthcare it is BMA, CHRE, GCC, GOC, GMC and more; for pharmaceuticals, it is BNF, MHRA, FDA; for local and Central Government, it is ODPM, DWP etc. There are standards such as Sarbanes-Oxley, Basel II, IAS, etc. to comply with, depending on the sector in which the company is operating. Internally, companies have their own policies and procedures which employees and departments need to follow. Surprisingly enough, a lot of employees are not even aware of some of the common policies relevant to their businesses.
Failure of non-compliance with the industry related directives can result in serious consequences for the organisation such as defamation, imprisonment, financial loss, sanctions, loss of customers, etc.
More and more companies are embracing technology for process control. In order to not only survive but to thrive in today´s highly competitive and regulated environment, companies have to ensure that their internal policies and procedures are in compliance with external policies and directives relevant to their businesses.
To learn more about jComply, click here.
About Tabaq Software:
Tabaq Software specialises in designing and developing enterprise compliance solutions for the heavily regulated sectors such as finance and banking, healthcare, pharmaceuticals, airlines, etc.
Our solutions not only help our customers mitigate the compliance risk but also help them in developing a strong compliance and corporate governance culture through training and educating their employees on the relevant policies and procedures.
Tabaq Software also provides bespoke software development services. The development services include application development, application re-engineering, application integration, mobile application development, web 2.0 development, content management systems, project management and complete outsourcing.
To learn more about Tabaq Software, click here.
About European Finance House:
European Finance House is a new force in the growing market of Islamic finance. The bank offers Shari'a compliant financing and investment products for both Islamic and non-Islamic clients alike. The team of experts at European Finance House also manages transactions between conventional and Islamic banks, institutions and individuals.
European Finance House creates partnerships with clients in Halal earnings through a range of Shari'a compliant investment and funding techniques which include Murabaha, Mudaraba, Ijarah, Istisnah and Musharaka.
To learn more about European Finance House, click here.
