One distinct positive that can be gleaned from this experience is that long-dormant plans for enhancing compliance capabilities have suddenly accelerated. Senior management teams have been awakened by the threats posed by a distributed workforce and are fast-tracking new technology, processes and policies to ensure their firms are operating within regulations. What’s more, they’re even starting to understand the potential for utilizing internal data to enhance their compliance programs from being a reactive measure to a fully-fledged preventative solution.

 The purpose and benefits of compliance is changing. Here are four trends set to define compliance in 2021.