Aloula business ethics, compliance and due diligence services
Aloula consultations will be conducted with the highest level of professionalism and in accordance with the standards of engagement accepted by the Center for International Private Enterprise (CIPE) for ethics and integrity trainers and consultants.
IntegrityIntegrity in business is becoming a global norm. Yet many Sudanese companies do not fully understand applicable laws and do not know how to protect themselves from corruption risks that can be crippling for a business. Even businesses that are committed to integrity, often struggle with operationalizing this commitment.
Ethics & ComplianceSince 2017, Aloula has been accredited and licensed by the Center for International Private Enterprise (CIPE) to provide corporate Ethics & compliance training and consulting services to businesses and companies across Sudan with ongoing technical support and assistance from CIPE.
CIPE is one of the four core institutes of the National Endowment for Democracy (NED) and an affiliate of the U.S. Chamber of Commerce founded by the US government under President Reagan in 1983. Since that time, CIPE has worked with business leaders, policymakers, and civil society to build the institutions vital to a democratic society. CIPE’s key program areas include enterprise ecosystems, democratic governance, business advocacy, anti-corruption & ethics, and trade.
Aloula, as a licensed and accredited partner of CIPE in Sudan, offers training, and compliance support and services to companies and businesses deploying a range of innovative solutions and tools. Aloula is seeking a full-time corporate compliance specialist to join the team of CIPE certified consultants and Aloula and be primarily responsible for the corporate compliance work steam with technical support and oversight from CIPE.
Anti-Corruption Compliance InitiativeIn 2017, CIPE launched the Africa Regional Anti-Corruption Compliance Initiative in response to widespread demand for effective third-party risk management for business operations in Africa. Through this initiative, CIPE has accredited 13 partners across the continent, and Aloula is one of those partners.
Compliance services offered by Aloula
The first step in any compliance program is to assess what a company has and what a company needs by the internationally accepted best practice. CIPE partners utilize a specific survey that was tested worldwide that helps to identify a company’s strengths and weaknesses with regards to a robust international accepted compliance program.
Corruption Risk Assessment:
This risk assessment can be fully integrated into Enterprise Risk Management (ERM) processes and other ISO standards. The purpose of this assessment is to identify weaknesses within a system that may present opportunities for corruption to occur. The risk assessment helps companies change management systems, processes, and procedures to prevent and/or mitigate the risks of internal fraud or corruption.
Standards of Conduct, Policies, and procedures:
Policies and procedures guide a company's operation and bring clarity and consistency to the expectations of company officers and employees. CIPE and our representatives can assist companies to develop, improve, and or modify specific policies or procedures for individual companies across industries.
Developing a Compliance Program and Integration into Company operations:
Compliance is a management system that is becoming ever more popular to prevent and mitigate fraud and all forms of internal and external graft. This is a requirement for doing business with international companies and can lead to immediate cost savings and prevent risk to a company's reputation. The key is to design the right compliance program for an individual company whether small, medium, or large that can be integrated into the current organizational framework.
Monitoring and Auditing:
Even the best compliance program will benefit from an external audit that will assess the quality of a compliance program. Let CIPE partners assess the efficacy of your entire program or just component parts that can include policies/procedures, employee training, risk methodology, risk assessment tools, reporting mechanisms, anti-corruption enforcement, and incentives.
Due Diligence services:
In the global business economy, companies with third-party risk exposure need to be on top of their risk assessment and due diligence game in selecting third parties many miles removed from the headquarters in an increasingly complex regulatory and business environment.
CIPE accredited professionals provide the benefit of experience and familiarity with local regulations and contexts in conducting risk assessment and due diligence vetting. This service is available at client request.
AML due diligence:
Aloula is conducting background checks, AML checks services as part of CDD to local and international investors who are willing to establish business relationships and carry out an occasional transaction with a potential partner.
Aloula effectively implements internationally benchmarked methodology in conducting Anti-money laundering and CFT checks and CFT checks, taking into consideration our experience in the Sudanese market and the regulation of all the regulatory and statuary bodies that all businesses need to be in compliance with.
Aloula as one of CIPE partners can offer internal and external training programs for your employees and directors. The external training is offered quarterly and serves compliance officers, risk officers, procurement officers, and loan officers. CIPE provides participants with tools, methodologies, and shares international best practices on strengthening the compliance function within companies. CIPE partners also offer company-specific in-house training tailored to the needs and the specific business. CIPE partners also can help a company improve, modify, enhance existing training offered by a company around anti-corruption compliance.
Aloula consultations will be conducted with the highest level of professionalism and in accordance with the standards of engagement accepted by the Center for International Private Enterprise (CIPE) for ethics and integrity trainers and consultants; our local team is certified and will work with CIPE network for optimal client impact.