Correlation of compliance and internal control at the level of commercial and credit institutions

The paper deals with the compliance control system aimed at monitoring the activities of economic entities in order to prevent reputation risks, leading to a decrease in the number of partners, consumers, and consequently profits. The authors define compliance control as a set of actions, methods and techniques used to verify compliance with the established requirements that regulate a particular sphere of companies’ activities. The history of emergence of compliance control and its implementation features on the territory of individual countries are briefly considered. Special attention is paid to the Republic of Moldova and the problems that commercial and credit institutions face when conducting compliance inspection. Its functions, directions and necessary elements are highlighted, as well as differences from the internal control of the organization. The risks associated with compliance control are characterized, the need for their prevention is noted.