What are the risks of not keeping up with regulatory changes?
Failure to stay updated can lead to significant risks including:
Legal Penalties: Non-compliance can result in fines, sanctions, and other legal actions. Reputational Damage: Non-compliance can harm a company's reputation, leading to loss of trust among customers and partners. Operational Disruptions: Unanticipated regulatory changes can disrupt operations, leading to inefficiencies and financial losses. Loss of Competitive Edge: Companies that fail to adapt may fall behind competitors who leverage regulatory changes to their advantage.