How to Effectively Manage the Compliance Lifecycle
In today's world of high uncertainty, rapid economic changes, and increasingly complex regulations, compliance has become a permanent part of doing business. Juggling the requirements of industry regulations, data privacy laws, and government mandates is no easy task, and maintaining ongoing compliance is complicated by constant changes, amendments, and overlaps. What's more, as regulations increase, the resources needed to comply with them increase as well – and so do the stakes.
Failure to comply with regulations can lead to disastrous consequences including large financial penalties or even business shutdowns.
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