Compliance risk

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.

See also

• ACT Competency Framework
• ACT Ethical Code
• Code of conduct
• Compliance
• Covenant
• FX Global Code
• Regulation
• Regulatory risk
• Reputational risk
• Senior Managers Regime (SMR)