Common use of Monitoring Compliance Clause in Contracts

Monitoring Compliance. The Financial Agent Group shall maintain a staff of compliance professionals to test and monitor the group’s compliance policies and procedures and their effectiveness. The Financial Agent Group shall document such internal oversight and provide the Treasury with quarterly reports sufficient to evaluate the effectiveness of the Financial Agent Group’s mitigation controls in ensuring compliance with all requirements of the FAA.

Monitoring Compliance. The Financial Agent Group shall maintain a staff of compliance professionals to test and monitor the groupFinancial Agent Group’s compliance policies and procedures and their effectiveness. The Financial Agent Group shall document such internal oversight and provide the Treasury with quarterly reports sufficient to evaluate the effectiveness of the Financial Agent Group’s mitigation controls in ensuring compliance with all requirements of the FAA.