Gbomai Bestman serves as the Chief Compliance Officer at AFAS Coin, where her role is pivotal in ensuring the company's operations are in line with both external regulatory requirements and internal policies.
Regulatory Compliance
- Legal and Regulatory Monitoring: Bestman keeps abreast of all pertinent laws and regulations that could impact AFAS Coin's operations in the cryptocurrency and aviation sectors. This continuous monitoring is crucial for anticipating changes that might affect the business and advising on necessary adjustments.
- Compliance with Standards: She ensures that all operations of AFAS Coin comply with relevant laws, including those related to data protection, financial compliance, and industry-specific regulations. This involves regular audits and reviews to check compliance levels.
- Liaison with Regulatory Bodies: Bestman acts as the primary contact point for all regulatory bodies. She manages communications and reporting to these entities, ensuring that AFAS Coin maintains a good standing with regulatory authorities.
Risk Management
- Risk Identification: She identifies potential risks to the organization, which could be legal, operational, financial, or reputational. This involves analyzing internal processes and external changes that could pose threats to the company's stability.
- Risk Evaluation and Mitigation: Once risks are identified, Bestman evaluates their potential impact and develops strategies to mitigate them. This includes implementing risk management protocols and ensuring they are followed across all departments.
- Crisis Management: In the event of a compliance failure or when a risk materializes, she leads the response team to manage the situation, minimize damage, and implement corrective actions to prevent future occurrences.
Policy Development
- Policy Creation: Bestman develops comprehensive compliance policies and procedures that align with regulatory requirements and best practices. These policies serve as guidelines for all company activities, ensuring consistent adherence to legal and ethical standards.
- Training and Education: She is responsible for organizing training sessions for employees at all levels of the organization. These training programs are designed to educate staff about compliance issues, the importance of following internal policies, and the legal implications of non-compliance.
- Continuous Improvement: Bestman continually reviews and updates compliance policies and training materials to reflect new regulatory developments and insights gained from internal audits. This proactive approach helps keep the company's compliance framework robust and responsive to changes in the business environment and regulatory landscape.
- In her role, Bestman plays a critical part in safeguarding AFAS Coin against compliance-related risks and ensuring that the company operates legally and ethically. Her work not only supports AFAS Coin's operational integrity but also contributes to building trust with stakeholders, regulatory bodies, and customers.