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