oboloo Glossary
The official business definition of P2P Compliance is the process of ensuring that an organization adheres to the regulations and standards set by the federal government and other governing bodies. It involves assessing the organization’s current level of compliance and determining any areas where they need improvement. P2P Compliance also involves developing strategies to ensure that the organization is in compliance with all applicable laws and regulations. This includes establishing processes, systems, and procedures that are compliant with the relevant regulations. Additionally, P2P Compliance includes monitoring the compliance of the organization and taking corrective action when necessary. This process also involves keeping up-to-date with changes in regulations and laws, as well as educating employees on the importance of adhering to the standards of compliance. P2P Compliance ensures that the organization is compliant with all applicable laws, regulations, and standards, and that any violations are addressed in a timely
 - Shopify)