Financial Compliance
/ˈfaɪnænʃəl kəmˈplaɪəns/
Definitions
- (n.) Adherence to financial laws, regulations, and standards imposed on businesses and organizations to prevent fraud and ensure transparency.
The company implemented strict financial compliance procedures to avoid regulatory penalties.
Forms
- financial compliance
Related terms
See also
Commentary
Financial compliance often requires continuous monitoring and reporting to regulatory bodies; clear documentation is essential for effective enforcement and audit trails.
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.