compliance structure
[/kəmˈplaɪəns ˈstrʌktʃər/]
nounpl: compliance structures
estrutura de conformidade
1. An organizational framework and set of procedures designed to ensure that a company or institution adheres to applicable laws, regulations, and internal policies
The bank established a comprehensive compliance structure to meet regulatory requirements.
O banco estabeleceu uma estrutura de conformidade abrangente para atender aos requisitos regulatórios.
2. The systematic arrangement of roles, responsibilities, and processes within an organization dedicated to monitoring and maintaining legal and regulatory compliance
Our compliance structure includes a dedicated department reporting directly to the board of directors.
Nossa estrutura de conformidade inclui um departamento dedicado que se reporta diretamente ao conselho de administração.
3. The formal system through which an organization manages risk related to regulatory violations and ensures adherence to rules and standards
The company's compliance structure was reviewed during the audit.
A estrutura de conformidade da empresa foi revisada durante a auditoria.
In Brazil, particularly in financial services and large multinational corporations, 'compliance structure' is increasingly used alongside the Portuguese term 'estrutura de conformidade.' The concept reflects modern corporate governance standards influenced by international regulations like FCPA, SOX, and anti-money laundering requirements. The term is more prevalent in São Paulo and major financial centers. In Portugal, the Portuguese term is preferred in official documentation and regulatory contexts.
Related Idioms & Phrases
put in place a compliance structure
strengthen compliance structure
audit compliance structure
compliance structure audit
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