regulatory compliance management
Answer the question below.
The use of risk management is now generally accepted as an effective means of managing regulatory compliance and of maintaining a balance between exercising control and facilitating trade.
Some administrations have been more progressive than others in their application of risk management and have introduced some innovative programs. Through research identify an example or examples of an innovative approach adopted by Customs or revenue administrations in a country other than your own and critically examine their success or otherwise. What steps would need to be taken to introduce such a program into United Arab Emirate to maximise its chance of success?