Regulatory complexity is growing in the Asia-Pacific (Apac) region. Compliance teams face a formidable task in interpreting and applying global and regional guidelines – such as the Foreign Account Tax Compliance Act (Fatca) and General Data Protection Regulation (GDPR) – and embedding best practice compliance across business operations.
Asia Risk and TMF Group developed a survey and convened a series of roundtable events to explore how firms are coping with these challenges, and discuss what’s needed to turn compliance into a source of competitive advantage.
In this series of videos, senior compliance professionals from Apac firms and TMF experts discuss some of the survey’s key learnings. In this video, Brenda Chong, vice-president of legal affairs for Apac at Arrow, and Robin Yoo, deputy head of corporate secretarial at TMF Group, discuss improvements to global compliance programmes and the need for effective budgeting and resourcing.
To access the full insights from the survey of over 100 Apac compliance professionals, download the whitepaper, Facing the future - Developing a response to regulatory change.