Which typical compliance risks exist?

Both violations of legal or other external regulations and the disregard for internal guidelines with possible consequences for the company and its employees constitute compliance risks. Whether the violation took place intentionally or negligently, it is often just as insignificant for detention as the fact whether the disregard occurred only partially or completely. Only on the consequences side are usually the intervention intensities significant.

Consequences can be:

• Criminal prosecution for fraud, infidelity, money laundering or embezzlement
• Financial penalties such as fines or fines
• Civil claims such as claims for damages
• Measures such as sanctions by supervisory authorities