Chapter 12. Regional-focused Compliance

In this chapter, we will discuss how organizations can build and manage an integrated compliance platform to address regional regulations in major economic zones around the world. Many of the successful organizations must operate in a global economy to meet market demands, optimize supply chain, employ skilled workers, and acquire assets. As a result, such organizations are impacted by regional regulations that vary by country. The cost of compliance is growing for organizations that operate in multiple economic regions with the rise in the penalties imposed for non-compliance by the regional regulators. According to the Competitive Enterprise Institute report on U.S. federal regulatory compliance, the cost for compliance had reached an estimated $1.157 trillion in 2007.

Many organizations that manage compliance in silos are seeking ways to take a more holistic approach to implement an integrated framework for coordinating and monitoring compliance...