It is clear from this reconstruction that each individual fulfillment requires great attention from companies since the regulatory application can often be modulated over time and this requires a notable capacity for verification and adaptation : if it was like this "only" for digital invoicing - which was also a positive revolution for every business - imagine when the fulfillments are added together, with the consequent multiplication of obligations and deadlines.
This is why the monitoring solutions made available by RegTech become egypt whatsapp resource fundamental, also because the cost of regulatory compliance is not only linked to their control and satisfaction, but also to their failure to comply.
As mentioned above, in fact, failure to comply with regulations often translates into very high costs to be paid, in the form of fines or penalties.
To get an idea of what is being said, just think that in the area of privacy alone, in 2020 a total of 341 fines were imposed in the EEA, amounting to a total of €307,923,725 .
we discover that these sanctions are mainly linked to the illicit processing of personal data (about 59% of cases) and have involved an outlay of almost 250 million euros; in second place are the sanctions for inadequate security measures offered (they represent 20% of the total), while those relating to the rights of the interested party and the total or partial violation of the obligation to inform remain marginal.
If we go into specifics,
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