Enterprise Risk - Spring 2021

Page 30



Business travel after Brexit The end of free movement across Europe is likely to bring new compliance risks and extra work for risk managers BY ELAINE MCILROY


he end of the Brexit transition period has had many impacts for business. Some multinational businesses operating across the UK and the EU may not have fully anticipated the need to give far greater thought and planning to international business travel and visa requirements. The end of free movement has also given rise to new business risks as employers now have to consider and navigate the immigration requirements applicable in each member state within the EU before sending staff to work or for business trips. Ensuring compliance in this area is likely to result in increased costs as businesses may need to take local legal advice in order to ensure that they comply with local laws. It may also give rise to civil and criminal liabilities as well as reputational risk if businesses do not comply with immigration requirements across different jurisdictions. That is the case whether businesses send staff to Europe from the UK or vice versa.

The end of free movement has given rise to new business risks

The new rules Before the Brexit transition period ended, resulting in the end of freedom of movement, UK, EEA and Swiss citizens could travel across the EEA and Switzerland for


Enterprise Risk