compliance company
A "compliance company" assists other businesses in meeting legal, regulatory, and industry standards to avoid penalties and ensure smooth operations.
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Definition
B2Business
(general)A business that helps other organizations adhere to legal, regulatory, and industry standards.
Example
- The compliance company helped the firm navigate the new data protection laws.
- Many businesses rely on compliance companies to ensure they meet environmental regulations.
C1Regulation
(technical)A business that provides services to help organizations meet specific regulatory requirements, such as financial regulations or workplace safety standards.
Example
- The compliance company provided training and resources to help the company comply with new financial regulations.
- They hired a compliance company to audit their workplace safety procedures.