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issteps in governance can prompt operational issues and potential legal complexities, affecting a company's standing and profit margins. Moreover, certain risks, such as cybersecurity, can erode customer confidence and lead to financial setbacks.

The financial industry is transforming due to regulatory demands, technology advancements, and changing customer expectations. RegTech, or Regulatory Technology, is revolutionizing compliance by leveraging AI, blockchain, and data analytics.

Evolving compliance in financial firms is critical, driven by tech advancements and efficient operations. With decentralized systems, third-party checks, and digital identities, compliance becomes seamless.

GRC initiatives are no longer just about managing risks but are key drivers of organizational growth. Shifting the perception of GRC from a burden to an opportunity enables organisations to leverage risks for strategic decision-making.

FTX, a bankrupt crypto exchange, files lawsuit against former compliance officer, Daniel Friedberg. Allegations include acting as a 'fixer', paying off potential whistleblowers. Charges include malpractice, breach of duty, and fraudulent transfers.