The European Business Review

COMPLIANCE IS RISKIER THAN EVER

Over the years, there has been a steady growth of compliance-related risks that bring untimely death to any business unfortunate enough to cross paths with them. Companies invest all their money and time into their products only to be hindered by unexpected legal drawbacks. In particular, four of these factors have the most domino-like effect on business, namely: outsourcing and supply chain, prosecutions, privacy laws, and social media.

The last thing any business wants is to develop and deliver a great product or service that customers love, only to be hit with a massive fine by regulators who discover that the company violated an important law along the way. But the risk of this happening is greater than ever, and this risk is not limited to the huge publicly-traded

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