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Compliance, in business terms, means acting in accordance with regulatory compliance requirements, set by companies or organization to prevent itself, or its employees, from breaking laws and regulations, and protect the welfare and safety of others.

Most businesses have a dedicated individual who make sure every policy, be it internal or imposed by external bodies, are followed. Sometimes called a Compliance Officer or Compliance Manager, they ensure that business activities are carried out within the bounds of a company’s own regulations, thus protecting the company’s ethical integrity. In order to safeguard a company’s relationship with government rules, professional standards, and business practices, a Compliance Officer are expected to possess the following skills: risk assessment, conflict management, data evaluation, detail oriented, and analytical thinking, among others.

Palkkaa Compliance Experts

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