Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business. Violations of regulatory compliance regulations often result in legal punishment, including federal fines. Legal compliance mandates all the companies to comply with all laws, rules and regulations applicable to its operations and business activities.
Likewise, all Company directors, officers and employees are required to comply with all laws, rules and regulations applicable to their Company-related business activities and responsibilities. In addition to the local laws in each of the countries in which we are based, there are some laws (such as European Union, U.K. and U.S. competition and anti-corruption laws) that apply to our Company's operations globally. IKON has resources to research and verify company’s compliances through covert and overt enquiries/methods to report if the regulatory/legal compliances are being followed. IKON team specializes in vendor appointments related auditing and reporting the inherent risks in order to help take informed decisions.