Record penalties for violations of U.S. regulations governing
international conduct and transactions illustrate the risk of
costly enforcement actions facing multinational companies. Yet,
many multinational companies lack adequate risk assessment and
management systems to address these growing risks.
To help, we have designed a twelve-step program that most
multinational companies should consider when designing and
implementing international regulatory risk management procedures
and internal controls. These are sharing our twelve-step program
across two publications. This post shares the steps to identify and
assess international regulatory risk, while our next post will
provide the remaining steps to implement risk-mitigation measures
to address identified areas of concern.
