Being knowledgeable about laws and regulations does not make you compliant.
That knowledge has to be applied to your specific organization and its context(s). Compliance requires applying regulatory change to the context of the business and monitoring adherence in that context.
This requires an integrated view of both legal compliance that interprets laws and regulations and applies them to the business, but also operational compliance that manages and monitors compliance day in and day out.
Organizations need to integrate regulatory change into business operations and conduct to be compliant.