Review of the critical compliance requirements for record retention, and formulating and maintaining an effective records management program.

Retention and management of records is more complicated than just deciding what to keep and for how long.

In what form should records be kept? Should we keep more than what the regulations require? If so, what? What about possible litigation needs?

Examiner expectations must be met of course, but other parties, such as law enforcement, auditors, and of course your customers, may require access to information as well. To manage a program in a cost-effective manner, compliance professionals must rely on information from a broad range of resources within the organization.

Records management is the point of convergence of these resources, which is why effective and reliable records management must be part of your Compliance Program.