A Compliance Framework is designed to ensure that a fund or asset manager complies with all relevant laws, regulations, and industry standards. This framework typically includes a set of internal policies, procedures, and monitoring tools to ensure adherence to KYC/AML standards, Operational Due Diligence (ODD), and track record verification protocols. A robust framework is especially vital for managing regulatory risks in global markets and maintaining investor confidence, particularly in alternative investments like private equity, fund of funds, and segregated accounts.