The paper discusses issues of legal compliance in the modern corporate world. The basics of corporate wrongdoing is explained, and major corporate crimes are outlined. Based on European and American models of enforcing corporate compliance programs, a thesis on the importance of such government conduct is explained. It is revealed that the United States has been the first country to comprehensively introduce key elements of criminal liability of business organizations. A recent case of introducing corporate compliance program by the “Binance” major cryptocurrency platform is discussed. Other aspects of the American corporate compliance framework are revealed and their theoretical, as well as practical implications, are illustrated. In a comparative context, it is stated that Ukraine, though being a European jurisdiction, currently lacks any official guidelines or even best practices approaches related to corporate self-governance or self-monitoring. Thus, a conclusion is made on the need for further in-depth analyses of Western corporate compliance practices with the goal of their implementation into relevant Ukrainian regulations.