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Compliance Officers Playbook

How Regulations Impact Risk and Compliance

04 Jan 2025

Description

This podcast episode of The Compliance Officers Playbook examines the complex relationship between regulations and risk management. It explains how regulations, while designed to mitigate risk through prescriptive guidelines, can also introduce new risks due to complexity and compliance costs. The episode highlights the cyclical nature of risk and compliance, emphasising the crucial role of compliance officers in navigating this dynamic landscape. Key examples of regulations (GDPR, AML, environmental, and OSHA) are used to illustrate their impact. Finally, the episode outlines strategies for compliance officers to effectively monitor regulatory changes, conduct risk assessments, and implement robust compliance programs.

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