What Is It?
Regulatory compliance means ensuring that a project or business follows industry laws and standards like GDPR (data privacy), HIPAA (healthcare regulations), or SOX (financial accountability).
Why It’s a Big Deal?
✔ Avoids legal penalties – Non-compliance can lead to hefty fines.
✔ Protects customer data – Especially critical for industries handling sensitive information.
✔ Builds trust – Users and investors feel confident in a compliant business.
Example in Action
A fintech company launching a payment app in Europe must comply with:
- GDPR (to protect user data).
- PCI DSS (to secure payment transactions).
- Anti-money laundering (AML) laws.
Ignoring compliance could result in multi-million-dollar fines or even shutdowns!
