The compliance officer is responsible for compliance in a company. There are internal and external compliance officers. In both cases, the compliance officer acts as a rather independent unit responsible for compliance with the legal framework. In addition, the compliance officer is responsible for compliance management and the associated establishment of rules for compliance with the legal framework.
Depending on the industry and the type of company, different legal focal points come into consideration. These can be, for example, antitrust norms as well as those of the Money Laundering Act or general confidentiality obligations.
What does a Compliance Officer do