104 - When Compliance Templates Don't Work

<p><span style="font-weight: 400;">Compliance templates can be hugely beneficial, but they can also cause a lot of confusion if you don’t know how or when to use them. If you’ve ever wondered about which situations are suitable for compliance templates and which are not, this episode is for you! </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:40] The commonly asked questions that I am going to address in this episode.</span></p> <p><span style="font-weight: 400;">[01:10] Benefits of using compliance templates. </span></p> <p><span style="font-weight: 400;">[02:19] Why templates can cause confusion. </span></p> <p><span style="font-weight: 400;">[04:38] How to approach the creation of a risk appetite statement when you are asked for one.  </span></p> <p><span style="font-weight: 400;">[07:24] What it means to describe your internal assurance processes. </span></p> <p><span style="font-weight: 400;">[08:36] My advice on what to do when someone asks to see your GDPR compliance policy.</span></p> <p><span style="font-weight: 400;">[10:18] Why you don’t need to panic when you are asked to produce a detailed flow of funds. </span></p> <p><span style="font-weight: 400;">[11:07] Additional examples of situations where templates will not work.  </span></p> <p><span style="font-weight: 400;">[14:20] The additional service that I off