Identify the approach used by a regulatory authority in Saudi Arabia to manage compliance activity in its efforts to ensure compliance with relevant laws. Discuss the authority’s application of risk management (or failure to apply risk management) and, based on your research, whether it meets internationally recommended practice for regulatory compliance management. What changes would you recommend it introduce to improve its compliance management?
You may apply this to a specific compliance activity or generally to the whole authority. Specify the scope of your assignment in your introduction.