A recent Creditsafe survey of more than 200 US legal, accounting, supply chain, and consulting professionals found that 59% "always" compromise on compliance due to business pressure, and another 16% reported doing so “frequently.”
Troublingly, 79% of respondents said they had skipped compliance checks on customers or suppliers due to existing relationships, while 43% assessed their own compliance maturity at the lowest level. It is perhaps unsurprising, then, that 50% of those surveyed admitted to missing up to 15% of violations among their clients and suppliers each year.
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