In view of the recent initiatives of European and German legislators, identifying and, more importantly, preventing potential compliance issues is becoming more important. Compliance pressure on management is constantly increasing both through the recent discussions about the implementation of criminal sanctions for companies, as well as through significant personal liability risks. Recent legislative actions do not only address large, publicly listed corporations, but also small and medium-sized enterprises; immediate action is required to minimize risks. Compliance is no longer a “tick the box” task. It is an integral element of good corporate governance.