Compliance risk
From ACT Wiki
1.
The risk of failure of procedures and processes in corporations or public agencies to ensure that:
- personnel are aware of relevant laws and regulations, and
- personnel take appropriate steps to comply with the relevant laws and regulations.
2. FX Global Code.
The risk of:
- legal or regulatory sanctions,
- material financial loss, or
- loss to reputation
resulting from failure to comply with laws, regulations, rules, industry standards or relevant codes of conduct in relation to FX activities.
3.
More broadly, the risk of direct or indirect adverse consequences from any failure of compliance.
