In recent years, compliance departments have begun to evolve, gradually moving away from a simple instructive and monitoring role, towards more consultative/facilitative ways of working with their business in order to try to embed a culture of compliance. With reference to the above statement, produce the content that will form the basis of training material intended for new members of a compliance team.

In this content you should:

a) Explain what, in your opinion, are the key benefits of this more consultative/facilitative approach, and provide examples to support your views

b) Explain what, in your opinion, are the main potential risks that this consultative/facilitative approach poses, and provide examples to support your views

c) Give examples of actions that you would take to ensure that a compliance department that you are managing gains the benefits of this approach while also mitigating the risks.