Regulatory & Compliance Risk
All risks
The risk of the organization failing to comply with various laws and regulations that applies to its business activities, employees and products or services. The impact or loss arising from a failure to do so can range from criminal and civil charges, financial penalties, financial compensation to affected parties, restrictions on future business activities, directions to act (or not act), confiscation of assets, and cancellation of licences and/or cessation of business activities.