ON SOME PROBLEMS OF CORPORATE COMPLIANCE APPLICATION IN RUSSIA AND ABROAD

Abstract

The article is devoted to some aspects of the application of modern blockchain technology in the corporate compliance system in Russia and in foreign
countries. One of the main problems is that corporate compliance does not cover all areas of activity and is not applied in all corporations, which generates
many disputes. Modern trends in the development of science and technology
dictate the practice of using new digital technologies in the activities of corporations, where they most often operate with foreign concepts. Given the fact that
the Russian translation of some concepts can cause confusion, especially in the
legal understanding of their content, some clarity should be made about the relationship and possible combination of the concepts of “corporate compliance” and “blockchain technology”. Disclosure of the true content of these concepts will lead to their correct interpretation and lead to minimization or complete elimination of corruption risks in corporations. The article emphasizes the need
to improve corporate compliance and to successfully organize corporate governance using blockchain technology in corporations.