Why is compliance with international regulations important?
Compliance with international regulations is essential for several reasons. It helps build trust with consumers, protects the company from legal repercussions, and ensures that marketing practices are ethical. Non-compliance can lead to significant fines and damage a brand's reputation. For example, violating the European Union's General Data Protection Regulation (GDPR) can result in fines up to 4% of the company's annual global turnover.