Unibaltic Compliance Management System
Compliance means fulfilling of all obligations of the organization. Compliance obligations are understood as requirements that the organization must meet (applicable legal regulations), as well as those that it wants to meet (voluntary commitments, principles of good governance, recognized industry and ethical standards, etc.). It is worth to mention that the requirements that a given organization voluntarily accepts as binding are included in the "compliance canon", and failure to meet them will result in the same consequences as breaking the legal rules.
Compliance Management System (UCMS) includes all the measures, structures and processes that an organization establishes to ensure compliance.