BUILDING A MULTIJURISDICTIONAL COMPLIANCE STRATEGY
R&C: How have the key risks and challenges associated with managing compliance across multiple jurisdictions evolved over the past few years?
Xu: Over the past few years, the key risks and challenges associated with managing compliance across multiple jurisdictions have become increasingly complex due to evolving regulatory requirements, including legislative changes, and emerging risks, including artificial intelligence (AI) and other new technologies, both of which have heavily shaped how organisations view and manage compliance. One of the persistent challenges is keeping pace with the ever-changing laws and regulations at international, national and regional levels. Given the risk landscape and overall business environment, new laws are being enacted, and existing regulations are frequently revised. For example, in the US, organisations must navigate rules at both the federal and state levels. In many cases, states are taking the lead in developing their own regulatory frameworks, resulting in requirements that vary significantly across jurisdictions. Globally, it is even more difficult to track all the laws and regulations implemented by various countries. As a result, organisations must continue to monitor legislative and regulatory developments, stay abreast of the changes, assess potential impacts, and determine whether existing practices and processes should be modified. Because regulatory obligations often differ from state to state and country to country, organisations must adopt a tailored compliance approach that addresses the unique requirements of each jurisdiction while maintaining an effective and consistent overall compliance programme.
Oct-Dec 2026 Issue
SCCE & HCCA