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.

See also

• ACT Competency Framework
• ACT Ethical Code
• Code of conduct
• Compliance
• Covenant
• FX Global Code
• Regulation
• Regulatory risk
• Reputational risk
• SMR