The Regulatory Compliance Challenges for 2023: The Importance of Horizon Scanning
Horizon scanning is the process of a business detecting, analysing and assessing emerging developments, trends and threats. Horizon scanning is an important process allowing compliance to be achieved, as regulatory risks and change occurs.
Utilising a less reactive, more proactive approach to deal with upcoming regulatory and risk challenges, particularly where the speed and scalability of change eg. In Sanctions Compliance has increased (expected to increase further in 2023), will provide a significant advantage in future business planning.
The International Compliance Association has stated that horizon scanning will be crucial for meeting the challenges identified for 2023.
Here at Aspida, we conduct Horizon Scanning from a variety of renowned sources for potential risk and legislation changes in:
- Regulatory Compliance
- Information Security; and
- Corporate Governance developments
How can we best crystalise risk? Our Business Analyst and Corporate Governance Professional Jessica Regnard provides an insight into understanding and enhancing your Operational Resilience and how we can best create resilient businesses in todays environment.
Over the past couple of years we have seen the shift in business culture of more focus on core operations and the services they best …