The 10 most common myths about compliance

It has been ever more noticeable of late that interest in compliance has been rapidly intensifying, with more and more enterprises implementing an integrated and multi-stage compliance system.

Important questions:

• “Is our company really one that much needs compliance?”
• “What practical role does compliance play?”
• “How deeply should compliance be implemented?”
• “Won’t implementing it disrupt our business processes?” and so on.

Myths, misconceptions and wrong answers inevitably pop up around such questions. These may slow down the development of compliance in a company and even threaten the sustainable development of its business. Meanwhile, corruption risks, if they materialise, may lead to a business totally collapsing, or even trigger criminal law liability for the company’s management or administrative liability for the company itself. We will focus on the 10 most common myths about compliance.