StarCompliance Supports Compliance Teams Amid Rising Regulatory Demands
StarCompliance, a leading figure in employee compliance technology, has unveiled an updated edition of its influential guide, "Riding the Regulatory Wave: A Guide to Navigating the Currents of Employee Compliance." This newly released resource underscores Star's continuous commitment to assist the global compliance community by providing actionable insights and tools designed to establish resilient, technology-driven compliance programs.
The ever-evolving and increasingly complex nature of regulatory requirements remains a top concern for compliance professionals. Many teams struggle to keep up with these changes due to a lack of resources. Recent findings from a survey conducted by Compliance Week and Resolver indicated that nearly one-third (32%) of respondents identified effectively managing regulatory changes as their main challenge.
As businesses expand globally and regulatory enforcement intensifies, understanding the nuances of regulations across different regions is essential for maintaining compliance. However, according to the 2024 Thomson Reuters report, while 77% of compliance officers anticipate an increase in regulatory burdens, only 34% feel adequately equipped to handle such changes.
Jennifer Sun, CEO of StarCompliance, emphasizes, "The shifting regulatory landscape demands smarter tools, deeper insights, and continuous training. Simply being aware of regulatory issues is no longer sufficient; having a concrete plan in place is now a necessity. This updated guide serves as both a roadmap and toolbox to help organizations stay abreast of global regulatory requirements."
The guide delves into five critical areas of focus:
1.
Global Cryptocurrency Regulation: Acknowledging the disparity in regulations involving cryptocurrencies across borders.
2.
Insider Trading and Shadow Trading Enforcement: Highlighting the increasing crackdown on these deceptive practices.
3.
Individual Accountability Regimes Expansion: Discussing the growth of regulations focusing on personal accountability in compliance.
4.
Emerging Risks from Remote and Hybrid Work Models: Examining the compliance challenges stemming from changing work environments.
5.
Technologically Driven Compliance Solutions: The rising necessity for tech-focused solutions to meet compliance demands.
StarCompliance remains steadfast in its dedication to comprehending the needs of the global regulatory compliance community. The company is committed to developing top-tier solutions that enable organizations to meet regulatory obligations, adhere to industry protocols, avoid costly fines, and maintain brand integrity. By blending ongoing feedback from clients, regulators, and industry leaders with world-class product innovation, Star empowers compliance teams to operate confidently in an increasingly high-stakes environment.
The updated guide is available for free download at [LINK]. For more information on creating a thorough compliance culture with unmatched assurance, visit www.starcompliance.com.
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