Compliance Regulations
Compliance regulations are rules and guidelines that organizations must follow to ensure they operate within the law. These regulations can vary by industry and may include requirements related to financial reporting, data protection, and workplace safety. They are designed to protect consumers, employees, and the environment while promoting fair business practices.
Organizations often have compliance officers or teams responsible for monitoring adherence to these regulations. Failure to comply can result in legal penalties, fines, or damage to a company's reputation. Examples of compliance regulations include the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR).