GLOMO PAYMENTS IFSC PRIVATE LIMITED has successfully completed its Surveillance Audit 01 and received a favourable recommendation for the continued certification of its ISO 37301:2021 Compliance Management System (CMS).
The scope of the management system includes the FINANCIAL SERVICES, INCLUDING CROSS BORDER PAYMENTS ACTIVITIES (PAYOUT OF FUNDS, PAYMENT COLLECTION, ANTI-MONEY LAUNDERING (AML), COUNTER-TERRORIST FINANCING (CFT) AND KNOW YOUR CUSTOMER (KYC) COMPLIANCES).
GLOMO PAYMENTS IFSC PRIVATE LIMITED may also consider PCI DSS certification to enhance the security of KYC payment processes by protecting sensitive customer. Additionally, ISO/IEC 27001:2022 Certification and ISO/IEC 27001:2022 Certification and ISO/IEC 27701:2019 Certification help the organisation implement robust information security and privacy management practices.
What is ISO 37301: 2021 Certification?
ISO 37301:2021 Certification demonstrates that an organisation has implemented an effective compliance management system to meet legal and regulatory requirements. It helps improve governance, reduce compliance risks, and promote ethical business practices while supporting continual improvement across the organisation.
Benefits of ISO 37301: 2021 Standard for GLOMO PAYMENTS IFSC PRIVATE LIMITED
ISO 37301:2021 helps GLOMO PAYMENTS IFSC PRIVATE LIMITED strengthen its compliance processes by ensuring adherence to regulatory requirements and reducing the risk of legal violations and penalties.
ISO 37301:2021 improves customer and stakeholder confidence by demonstrating GLOMO PAYMENTS IFSC PRIVATE LIMITED’s commitment to ethical conduct, transparency, and effective compliance management practices.
ISO 37301:2021 supports continuous improvement by establishing structured compliance controls that enhance operational efficiency and help manage risks across KYC payment activities.
Conclusion
ISO 37301:2021 Certification helps GLOMO PAYMENTS IFSC PRIVATE LIMITED strengthen its compliance framework, manage regulatory risks, and improve operational effectiveness. The certification also strengthens stakeholder confidence through a structured and continually improving compliance management system.
