What Are Compliance Risks? Risk Types, Areas & How To Manage

Key learnings – what to know about compliance risk areas

• Compliance risks are the potential for legal, financial or reputational harm when an organization fails to follow laws, regulations or internal policies. They arise from non-adherence to required standards governing business operations.
• Risk Types represent the sub-categories of compliance risk an organization faces. This includes everything from harassment and discrimination and health and safety concerns to data privacy and human resources areas.
• Using a standardized approach to categorizing your compliance risks during report intake and across your program results in faster and more accurate report routing, investigation and resolution.