It’s inauguration day for President Donald J. Trump. What compliance challenges are ahead for your company?

Don’t miss our webinar this Wednesday, The US Election and Compliance – Navigating the challenges of the second Trump Administration

It’s anticipated that the new conservative administration under President Trump will significantly reshape the regulatory environment for many companies, specifically in areas of compliance. We only have to look at Trump’s previous tenure, where his approach to governance often favoured deregulation and reduced governmental oversight.
But of course, this is President Trump we’re talking about so it’s hard to really predict anything.

The new administration does have a focus on deregulation which could mean less oversight in some areas, but don’t let that fool you. Things like international sanctions could get really tricky. So sanctions on Russia might get looser but sanctions on Iran will likely ramp up.

Trump has a history of using sanctions as a foreign policy tool – and he loves shaking things up. He went all in on Iran and Venezuela so likely if he feels a country isn’t cooperating, he could hit them with sanctions. But the flip side is, he also uses sanctions as leverage in negotiations.

But the question everyone here wants to know will this impact companies in the UK and the EU? The answer is it will, especially for multinational companies. For instance, stricter US sanctions on Iran or China could force European companies with US ties to rethink their compliance frameworks. Even if the EU doesn’t align with US policies, companies with operations in both regions will need to navigate the contradictions, like the secondary sanctions we mentioned or differing enforcement priorities.

And there’s more. If tariffs with Europe spike, compliance teams could be in for a headache. Whether or not Trump does impose tariffs on Europe depends on his administration’s trade policy priorities and then the ongoing negotiations with the EU. But a historical look indicates that Trump never shied away from using tariffs as leverage in trade disputes. The new administration will also likely scale back support for DEI programs and the cultural shift could embolden anti-DEI voices globally.

And even with Trump’s pro-crypto position, he is likely to push for more sanctions on middle east countries due to terrorism and terror financing. And it’s been fairly well established that cryptocurrencies have been a financial stream for terrorist organizations.
And we haven’t even mentioned AI regulation, corruption and data privacy laws.

There is a lot to know and companies really do need to get ready.

Join us this Wednesday for our webinar, The US Election and Compliance – Navigating the challenges of the second Trump Administration

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How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”