Regulatory compliance is a moving target, a mandate that continually shifts in both scope and complexity. Amid regulatory changes and a rapidly evolving business environment, compliance officers are tasked with sustaining a sound and relevant compliance program while mitigating costs.
This is no easy task, as the current rate and volume of regulatory changes to manage means the capacity of inefficient compliance frameworks and systems can become overwhelmed seemingly overnight – and at great cost if a regulator discovers gaps.
Here are 7 signs you can bring to management as an argument why your compliance program must have the capacity and agility to manage change effectively and efficiently.
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