Legal and Regulatory Frameworks for Corporate Compliance in the Digital Economy
DOI:
https://doi.org/10.71222/3ygmsm75Keywords:
corporate compliance, digital economy, legal framework, regulatory framework, data protection, cybersecurity, FinTechAbstract
This review paper examines the legal and regulatory frameworks governing corporate compliance within the rapidly evolving digital economy. It analyzes historical developments, current practices, and future challenges faced by businesses operating in an increasingly interconnected and data-driven world. The paper focuses on key areas such as data protection, cybersecurity, intellectual property rights, and anti-corruption measures. It also explores the impact of emerging technologies like artificial intelligence (AI) and blockchain on corporate compliance obligations. A comparative analysis of different legal jurisdictions is presented, highlighting best practices and potential gaps in existing regulatory frameworks. The review concludes by discussing the future of corporate compliance in the digital economy, emphasizing the need for adaptable and proactive strategies to mitigate risks and promote ethical business conduct. Emphasis will be laid upon the impact of international regulations such as GDPR and sector-specific frameworks, specifically focusing on financial technologies and e-commerce. The review seeks to provide a comprehensive overview of the legal and regulatory landscape, offering insights for policymakers, legal professionals, and corporate executives navigating the complexities of compliance in the digital age. Finally, it suggests pathways for future regulation leveraging international collaboration and technological advancements to create a fair and secure digital marketplace.References
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