Definition of «compliance purposes»

The term "compliance purposes" refers to adhering to certain rules, guidelines or standards set by regulatory bodies in order to ensure that an organization is operating within legal and ethical boundaries. This can include following laws, regulations, industry standards, or internal policies and procedures. The goal of compliance is to minimize risk and maintain integrity, while also ensuring that the necessary information and documentation are available for audits, inspections, or investigations. In other words, "compliance purposes" refers to an organization's efforts to demonstrate its commitment to legal and ethical conduct in all aspects of its operations.

Sentences with «compliance purposes»

  • This is a standard procedure applied by most binary options brokers for Know - Your - Customer compliance purposes. (binaryminery.com)
  • Today, changes to federal accountability policy and the state plans that have been submitted for compliance purposes herald a national shift toward the work the CORE districts have been doing since their waiver was granted. (insidesources.com)
  • Saatchi sounded good at an uncomplicated 30 % commission, but it has oceans of mediocre work and would require me to submit copies of my driver's license and passport for intrusive tax compliance purposes. (theabundantartist.com)
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