Global Compliance Changes Threaten Multinationals

The recentadmissionby a major multinational bank that its internal controls to combat money-laundering remain inefficient highlights a growing dilemma: The global compliance landscape is evolving fast, and multinational companies must have a strategy to keep up or face steep fines.

That’s among the takeaways from a newstudy—the Compliance Complexity Index 2018—that polls legal professionals across 80-plus jurisdictions worldwide to assess the changes involved in doing business in different countries.

Paradoxically, the study finds that efforts to achieve transparency are responsible for much of the complexity. Beyond the EU’sGeneral Data Protection Regulation, corporate legal teams ...