The word “compliance” makes many employees cringe. The term conjures up images of onerous and seemingly superfluous internal rules and regulations. But companies don’t implement compliance requirements for no reason.
开发这些要求通常是耗时和昂贵的。如果他们无缘无故地挥霍这些资源，盈利的私营企业不会持续很长时间。
To highlight that point, in this post, we’ll look atsome examplesof disastrous compliance violations and their costly consequences.
New York Presbyterian Hospital and Columbia University HIPAA Violations
The Health Insurance Portability and Accountability Act of 1996, more commonly known as HIPAA, regulates how covered entities manage and share patient healthcare information.
In 2014, The New York Presbyterian Hospital and Columbia University agreed to pay a480万美元的罚款resulting from a 2010 incident in which the health records of 6,800 patients wound up online and searchable.
Deutsche Bank Exposure to Financial Crimes Risks
Financial institutions are subject to a variety of compliance requirements—requirements to not only maintain the financial security of individuals and national economies but also ensure they aren’t enabling transactions in support of money launderers, terrorists, drug dealers, and other criminals.
In 2017, the United Kingdom’s Financial Conduct Authority (FCA)罚款德国德意志银行1.63亿英镑在未能妥善监督建立新的客户关系时，将联合王国的金融系统暴露于潜在的金融罪行。
Citigroup and Goldman Sachs Subprime Mortgage Fines
The subprime mortgage crisis that caused a meltdown of the U.S. financial system and triggered a global recession led to some significant fines against the companies that created and sold the shaky financial instruments at the heart of the crisis. For example,Citigroup paid $285 million在罚款中的作用，同时Goldman Sachs paid $550 million.
Compliance requirements can be costly, tedious, and burdensome, but the costs, headaches, and bad publicity of noncompliance with laws and regulations can be truly devastating to organizations and even drive companies out of business. Tomorrow, we’lldiscuss some tipsfor helping boost employee awareness of key compliance requirements.