ORGANIZATION, METHODOLOGY, CONCEPT AND ESSENCE OF COMPLIANCE CONTROL

Ольга КОВАЛЬ Молдавский государственный университет

Abstract

Compliance refers to the part of the management/control system in the organization related to compliance risks – risks of non-compliance, non-compliance with the requirements of legislation, regulations, rules and standards of Supervisory authorities, industry associations and self-regulatory organizations, codes of conduct, etc. Compliance risks may ultimately be manifested in the form of legal sanctions or regulatory sanctions, financial or reputational losses as a result of non-compliance with laws, rules and standards in the field of compliance. Keywords: control, compliance, governance, risk, compliance control, compliance monitoring, policy compliance, compliance risk, the compliance principles, the laundering of the p