What are the Challenges in Maintaining a Compliance Program?
Maintaining a compliance program can be challenging due to various factors:
1. Evolving Regulations: Keeping up with constantly changing laws and regulations can be difficult. 2. Resource Constraints: Limited financial and human resources can hinder the effectiveness of compliance efforts. 3. Cultural Resistance: Employees may resist changes, especially if they perceive compliance measures as burdensome. 4. Global Operations: Companies operating in multiple jurisdictions face the added complexity of complying with diverse regulatory requirements.