Ensuring continuous compliance requires a systematic usa consumer mobile number list and integrated approach, not a piecemeal effort.
Step 1: Identify All Applicable Regulations
Industry-Specific: What are the unique regulations for your sector (e.g., banking, pharmaceuticals, food processing, e-commerce, manufacturing, real estate)? For instance, a pharmaceutical company in Bangladesh faces regulations from the Directorate General of Drug Administration (DGDA), while a FinTech firm falls under Bangladesh Bank's purview.
Geographic: What are the national, local, and, if applicable, international laws (e.g., privacy laws like GDPR if you handle European data, even from Bangladesh, or specific import/export regulations)?
Business Function: Regulations related to labor laws (Bangladesh Labour Act, 2006, and its subsequent amendments), taxation (Income Tax Ordinance, VAT Act), environmental protection (Bangladesh Environment Conservation Act), health and safety, data privacy (Digital Security Act, 2018, and the upcoming Data Protection Act), consumer protection (Consumer Rights Protection Act, 2009), anti-corruption (Anti-Corruption Commission Act, 2004), intellectual property, and cybersecurity.
Local Specifics (Bangladesh):
Company Registration and Licensing: Adherence to the Companies Act, 1994 (for company registration) and obtaining various trade licenses from city corporations/municipalities.
Financial Regulations: Compliance with rules set by Bangladesh Bank, particularly for financial institutions, MFS (Mobile Financial Services) providers, and international transactions.