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What does compliance mean?
The term "compliance" stands for "to observe" or "to follow".
In the true sense of the word, it means "compliance" with the law and "conformity" with statutory regulations and self-imposed or unwritten codes of conduct (conformity to rules).
Compliance covers topics such as antitrust law, labor law, data protection and trade.
In times of globalization, companies of all sizes are increasingly at risk of suffering material or immaterial damage as a result of white-collar crime.
The aim of compliance is to prevent such damage, minimize liability and damage claims, and build up a responsible reputation.
