Good Practice

Compliance management during budget cuts

It has often been said that the best time to be in trade compliance in an organization is right after it has had a large penalty, as it seems like finally your compliance wish list gets budget approval. So it follows that one of the worst times to be in compliance may be during an industry or general economic downturn, when a department that is frequently viewed as just a cost center instead of value-add makes an attractive target for cuts to headcount and budget. Many industries are cyclical an...

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Jonny Test