Compliance Breach
/kəmˈplaɪəns briːʧ/
Definitions
- (n.) The act or instance of failing to adhere to legal, regulatory, or internal rules and obligations.
The company faced severe penalties after a compliance breach was discovered in its financial reporting.
Forms
- compliance breach
- compliance breaches
Related terms
See also
Commentary
Use clearly to distinguish failure to follow laws or rules from contractual breach, as the implications and remedies differ.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.