Compliance Laws must be followed as they're the principles provided by the government nationwide for every business. Whereas, Regulatory Standards are the guidelines to enhance and improve your business and system by taking them into practice.
https://u.pcloud.link/publink/....show?code=XZjAeO0Z2o

What Are the Differences Between Compliance Laws and Regulatory Standards.

Compliance Laws are the legal requirements and penalties for organizations that must be taken into consideration.