Retailers face new compliance pressures from tariffs, sanctions, fraud and cybercrime

Regulators worldwide are piling pressure on retail compliance teams, focusing on global supply chains, rapidly changing sanctions and tariffs rules, sustainability, and digital commerce. High-profile cyberattacks have increased concerns about data security and identity verification. Large retailers are also pushing commercial and legal requirements further down their supply chains.  

Compliance teams in all retail businesses, therefore, face a host of new and developing challenges. They require more information than ever about where products originate, how they are made, and what they are made of. Financial operations, loyalty programs, and food sales, among other critical product areas, put them in highly regulated markets in many parts of the world. As huge data holders, they are under increasing pressure to ensure privacy and to report breaches.