Compliance Risk Management: Safeguarding Business Integrity
Compliance Risk Management is the process of identifying, assessing, and mitigating risks that arise from failing to comply with laws, regulations, and industry standards. It helps businesses operate ethically, avoid legal penalties, and protect their reputation. An effective compliance program involves clear policies, regular audits, employee training, and continuous monitoring of regulatory changes. With increasing scrutiny from regulators, proactive compliance measures are essential to ensure transparency and accountability.