Scope of Compliance Requirements
Scope of Compliance Requirements
Scope of Compliance Requirements
All Canadian organizations are required to comply with a complex and ever-evolving set of laws, regulations, standards, and codes. All three levels of government contribute to this regulatory overburden. Some of the areas of regulatory compliance include:
- Anti-SPAM
- Competitive practices
- COVID 19 precautions
- Criminal code
- Customs and excise
- Employment standards
- Environmental protection
- Free trade (USMCA)
- Health information protection
- Human rights
- Money laundering and terrorist financing
- Occupational health and safety
- Personal information protection and privacy
- Securities
- Taxation
- Workers’ compensation
Compliance is Mandatory
Scope of Compliance Requirements
Scope of Compliance Requirements
Regulatory compliance is mandatory for every Canadian organization, large and small. Non-compliance creates significant enforcement risks for organizations, including:
- Fines to the organization
- Fines directly to officers, directors, or employees
- Prison officers, directors, or employees
Whistle-blower hotlines exacerbate the risks. Many branches of government actively encourage employees, customers, and members of the public to report non-compliance.
Regulatory investigators are permitted to visit any worksite, speak with any employee, and examine any document they deem relevant.
Investigators typically demand to review an organization's policies. If required policies do not exist or are flawed, the organization's due diligence is immediately put into question.
Enforcement actions are public information. In these days of "naming and shaming", social media will amplify any organizational misstep, creating reputational risk.