Regulations throughout the globe, not just in the U.S., are being implemented with a new kick. New programs and policies are making it even more difficult for firms to avoid enforcement actions. To complicate matters further, corporate attorneys are concerned about a new U.S. Department of Justice pilot program that introduces stronger incentives for whistleblowers to turn in their colleagues and employers around matters of misconduct.
Moreover, in the United States, accountability for compliance issues is becoming a growing expectation for third-party vendors associated with companies, posing yet another hurdle for legal compliance teams. Beyond U.S. borders, regulatory changes are also keeping corporates on their toes. A novel law in the United Kingdom is now providing a tougher stance in the prosecution of corporate fraud. Elsewhere, the European Union has made its move with a new regulation that targets subsidies granted by nonmember States, designed to level the economic playing field by curbing companies from benefiting from undue economic advantages.
Should you wish to delve more into the details of these regulatory hurdles, feel free to explore this Law.com’s article for comprehensive insight.