Choosing your Compliance Path

You will see two options:

Purpose: Designed for organizations that operate under strict regulatory oversight.
Use Case:
- Licensed financial institutions
- Digital asset custodians/exchanges
- Entities required to comply with existing regulatory frameworks
Benefits:
- Automatically links compliance requirements to the appropriate licensed entities.
- Ensures alignment with official regulations.
- Reduces manual setup effort.

Purpose: Allows organizations to build and tailor their own compliance frameworks.
Use Case:
- Organizations with internal governance standards
- Companies in industries without pre-defined regulations
- Teams that need flexibility to create custom obligations
Benefits:
- Full customization of compliance rules.
- Ability to mix internal policies with external standards.
- Tailored to unique operational needs.

Review your organization’s compliance obligations:
- Do you fall under a regulator’s jurisdiction (e.g., SEC, Central Bank, or equivalent)?
  → Choose Regulatory Compliance for Licensed Entities.
- Do you need a flexible or internal compliance framework?
  → Choose Custom Compliance Framework.
Select the option by clicking the circle at the top-right corner of the desired path.
Click Get Started to confirm and proceed with framework setup.

Start with Regulatory Compliance if your business is licensed or regulated—this reduces risks of non-compliance.
Use Custom Frameworks when building internal audit processes, preparing for future regulation, or enforcing internal policies.
Hybrid Approach: Some organizations set up Regulatory Compliance first, then extend it with Custom Frameworks for internal controls.

When setting up compliance management, you are prompted to select a compliance path that best fits your organization’s needs. This step streamlines how requirements and frameworks are applied within the system.