Modeling and analysis of business process compliance

Abstract

Managing business process compliance is a highly important topic in the financial sector. Various scandals and last but not least the financial crisis have caused many new constraints and legal regulations that banks and financial institutions need to face. Based on a domain-specific semantic business process modeling notation, we propose a new approach to modeling and analysis of business process compliance through the use of compliance building block patterns and business rules. These business process compliance patterns and rules serve as a necessary basis for the automatic identification of compliance issues in existing processes (process models) and hence for managing business process compliance in the financial sector.