Violation of current regulations and legislation and lack of preparedness for compliance with broader changes in regulations.
- Penalties or fines due to violations of regulations within supply chains
- Failure to anticipate government action such as import bans or export restrictions
- Compliance costs due to vilations of environmental guidelines
Business Risks - Regulatory Examples
Water Use and Pollution
Molson Coors was fined $124,000 in 2016 after pleading guilty to two offenses in the U.K.: causing an illegal water discharge activity and breaching its environmental permit per the England and Wales 2010 Environmental Permitting Regulations.
- Legal fees and monetary settlements for violating laws and regulations