UK businesses are likely to struggle with the "tidal wave" of regulation coming their way over the next decade, according to Ian Angell, professor of Information Systems at the London School of Economics.
Speaking to the Microscope news service this week, Professor Angell suggested that the ongoing rise in red tape from the European Union, the government, and various regulatory bodies is likely to leave firms in the UK exposed to fines and criminal sanctions.
"Directors of businesses that do not have compliance officers are going to end up in jail. Not because they have done anything wrong, but because they have not complied with regulations," he warned.
Professor Angell went on to suggest that customers or employees with a grudge against a company may in the future be able to use anti-terrorism or money laundering legislation against the firm.
"Companies are going to have to keep copies of every telephone call, every PDA, and have procedures for monitoring the downloading of every file," he predicted.
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