Compliance Assessment
What is Compliance Assessment?
A formal evaluation of an organization's adherence to specific regulatory requirements, standards, or internal policies.
Terms that appear alongside compliance assessment
Each of these is named in at least one of the same controls as compliance assessment. The number is how many controls name both.
- compliance 3 shared controls
- ciso 2 shared controls
- remediation 2 shared controls
- risk committee 2 shared controls
- regulatory reporting 2 shared controls
- chief risk officer cro 2 shared controls
- board risk committee 2 shared controls
- gap analysis 2 shared controls
Frameworks that govern compliance assessment
What the standards actually require on compliance assessment
Requirements naming compliance assessment across 4 standards, quoted from the control text.
The FATF Methodology for Assessing Technical Compliance with the FATF Recommendations + Effectiveness of AML/CFT Systems is the assessment framework for Mutual Evaluations (currently 5th round 2020-2027 + 6th round in development for post-2027).
FATF-Methodology · FATF Methodology - Technical Compliance and Effectiveness (Immediate Outcomes) →HKMA SPM implementation roadmap + AI compliance + supervisory dialogue. ORGANIZATIONAL ROLES at AI: (a) BOARD + RISK COMMITTEE - SPM governance oversight + module-by-module compliance + sectoral risk integration + reporting;
HKMA-SPM-Implementation-AI-Compliance-SupervisoryDialogue · HKMA SPM Implementation Roadmap, AI Compliance Roles, Supervisory Dialogue and Sectoral Engagement →HKMA TM-G-1 implementation roadmap + status. ORGANIZATIONAL ROLES at AI: (a) BOARD + RISK COMMITTEE - TM-G-1 governance oversight + Technology Risk Management Framework approval + Risk Appetite + Pillar 2;
HKMA-TMG1-Implementation-Roles-Tooling-Status · TM-G-1 Implementation Roadmap, Roles, Tooling, Status and Future →Apply a product approval process for new digital assets and tokenized instruments listed or supported including risk, legal and compliance assessments.
VARA-18 · Token and Product Approval →Questions people ask about compliance assessment
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See how Compliance Assessment applies across compliance frameworks
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