Be Happy About Global Compliance

In the UK, there is a big sigh of relief from payroll professionals across the country as they are checking off RTI and Auto enrollment. After living through months of agonizing integration, policy writing and compliance reviews, people are humming Happy by Pharrell Williams. You probably singing in your head right now.But then along comes afternoon phone call from the US Controller wondering what the company is doing about Office of Foreign Asset Control (OFAC) requirements, Foreign Corrupt Practices Act (FCPA), UK Bribery Act, and EU Data Privacy.

You are thinking “Huh?” but you politely say, “Sorry, but could you please repeat the question?” While scrambling to grab a pencil to note down the alphabet soup that was just rattled off. Hoping you spelled everything correctly, you finish the call saying, “Absolutely, I will be happy to look into it for you”.

Happy has evaporated from your brain and in flows the Darth Vader theme, The Imperial March. So now what? Obviously, there is more to compliance than locally required statutory processing, filing and regulations if you work for an international company. So let’s break it down….

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