Compliance risk
From ACT Wiki
1.
The risk of failure of procedures and processes in corporations or public agencies to ensure that:
- personnel are aware of relevant laws and regulations, and
- personnel take appropriate steps to comply with the relevant laws and regulations.
2. FX Global Code.
The risk of:
- legal or regulatory sanctions,
- material financial loss, or
- loss to reputation
resulting from failure to comply with laws, regulations, rules, industry standards or relevant codes of conduct in relation to FX activities.