What is one action to take if an agent suspects noncompliance within their organization?

Reporting noncompliance to the compliance officer is a crucial action because it ensures that any potential violations of laws, regulations, or organizational policies are addressed appropriately. Compliance officers are trained to handle such matters and are responsible for investigating reports of noncompliance. Taking this step not only helps maintain the integrity of the organization but also protects the organization from potential legal repercussions and fosters a culture of accountability.

By bringing concerns to the compliance officer, the agent allows for a systematic review and resolution of noncompliance issues, which can lead to improvements in processes and training within the organization. This proactive approach is vital in maintaining compliance with regulatory standards and safeguarding the interests of both the organization and its clients.