Compliance and Regulation

Compliance and regulation refer to the rules and standards that organizations must follow to ensure they operate legally and ethically. Compliance involves adhering to laws, regulations, and internal policies, while regulation is often established by governmental bodies to protect public interest, safety, and well-being. This ensures businesses act responsibly, safeguard consumer rights, and maintain fair competition. Essentially, compliance and regulation help create a trustworthy environment where consumers and businesses can thrive, minimizing risks and promoting accountability within various sectors.