Business compliance refers to the adherence of a company to laws, regulations, and internal policies that govern its operations. This includes aligning with industry standards, legal obligations, contractual commitments, and ethical guidelines. Compliance is essential for minimizing legal risks, avoiding penalties, and maintaining a company’s reputation. It encompasses various aspects such as financial regulations, data protection laws, labor laws, and environmental regulations. Effective business compliance involves implementing processes and controls to ensure that the organization meets all applicable requirements and is prepared for potential audits or inspections. A strong compliance culture promotes accountability, transparency, and ethical behavior within the organization.
The financial landscape is changing rapidly! As of January 17, the EU Digital Operational Resilience Act (DORA) will transform how organizations approach cybersecurity and operational resilience. This new law introduces…