The Use of Telegram in Businesses

 

Telegram is a popular consumer-grade encrypted messaging app that is used by employees for business purposes these days. It has become a major topic lately because of the risks that it poses to data protection, security, as well as administration of governments and private organizations. If you are in Canada for instance, you must meet Telegram IIROC compliance requirements if you do not want to find yourself on the wrong side of the law. The Investment Industry Regulatory Organization (IIROC) of Canada is the governing authority for all debt and equity markets, investments, and investment brokers, dealers and providers in Canada. It works closely with the Financial Industry Regulatory Authority (FINRA) of the United States of America to support and improve oversight of firms with global operations.

For business people in the United States, it is important to meet Telegram FINRA compliance requirements. Both FINRA and IIROC have a set of regulations which require financial organizations and individuals operating in the countries to archive, supervise, and maintain all client correspondence and documents,  including all forms of communication, within a specific period of time. Non-compliance with these requirements can lead to heavy fines as well as significant legal action.

Launched in 2013, Telegram is a free instant-messaging app  that allows people exchange different types of content over an encrypted network. With more than 200 million active across the world, the company has established itself as the world’s 9th most popular messaging app, even though it is also thought to have attracted criminal and terrorist users as well.

Despite the popularity of Telegram, it is also facing intense pressure from different regulatory bodies because of its policies and decisions which renders the app non-compliant with many archiving requirements.

For more information on the use of Telegram in businesses, visit our website at https://www.telemessage.com/

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