Managing entities internationally can be a complex process. Not only does it involve ensuring that business needs and the legal responsibilities that come with operating in multiple countries are being met, but also staying ahead of regulatory, legislative, and political developments that can affect a company’s operations in country.
Undoubtedly, the biggest challenge facing global companies is the growing number of legal and compliance obligations they must meet across different sectors, markets, and jurisdictions. Laws governing fraud, money laundering, tax management, corporate responsibility, and governance, among others, have increased the regulatory pressure and scrutiny companies are under.
2022 Global Compliance Outlook provides an overview of some of the leading regulations companies that do business internationally should be aware of. While there are many laws that impact global businesses, the regulatory updates discussed in this document are being widely adopted across many countries and/or represent immediate actions to be taken by companies that fall under their scope.
- Ultimate Beneficial Ownership Registrations
- Economic Substance Requirements
- Director, Residency, and Permanent Establishment Requirements
- Environmental, Social, and Corporate Governance (ESG) Considerations