You are the head of compliance at a land$-$based casino regulated by the Gambling Commission in the UK$.$ Being aware of the increased level of training and advisory activities in which your team will be involved during the coming year, as a consequence of the amount of continuing regulatory change within your chosen jurisdiction, you intend to apply for an increase in the departmental budget for the coming year. You wish to ensure that the board of directors is aware of$,$ and supports your plans, before submitting a formal application for a budgetary increase. Therefore, you intend to raise this topic at the next board meeting as part of your regular scheduled briefing on current and planned compliance activities.

Prepare a paper to supplement your discussion of this topic at the board meeting. Within this you should summarise key areas of focus and include relevant information about compliance costs and challenges. You should include appropriate examples to support your intended objectives and help to ensure board members$$ understanding of the benefits of investing in effective compliance.