Compliance risk: Difference between revisions
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imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Mend link.) |
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The risk of failure of procedures and processes in corporations or public agencies to ensure that | 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. | |||
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. | 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. | |||
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* [[Regulatory risk]] | * [[Regulatory risk]] | ||
* [[Reputational risk]] | * [[Reputational risk]] | ||
* [[ | *[[Senior Managers Regime]] (SMR) | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Financial_risk_management]] | [[Category:Financial_risk_management]] | ||
Latest revision as of 17:20, 25 June 2022
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.
