Several factors can contribute to regulatory violations, including:
Lack of Awareness: Smaller businesses may not have the resources to keep up with changing regulations. Intentional Misconduct: In some cases, companies may deliberately flout regulations to gain a competitive advantage. Inadequate Compliance Programs: Companies that do not invest in robust compliance programs are more likely to face violations. Complexity of Regulations: Navigating through extensive and often complex regulations can lead to unintentional violations.