[Reference: GDPR Regulation (EU) 2016/679., Global Impact:, GDPR applies to any organization that processes the personal data of EU residents, regardless of where the organization is based. This makes it critical for global firms to comply with GDPR when operating in or serving clients from the EU., Reference: Article 3 of the GDPR - Territorial Scope., Compliance Requirements:, GDPR requires strict compliance measures, including data protection by design, data protection impact assessments (DPIAs), appointing a Data Protection Officer (DPO), and ensuring data subjects' rights., Reference: Articles 25, 35, and 37 of the GDPR., Penalties for Non-Compliance:, Non-compliance with GDPR can result in significant fines, up to €20 million or 4% of the annual global turnover, whichever is higher., Reference: Article 83 of the GDPR., Given the firm's international scope and the critical nature of complying with stringent data protection laws in the EU, prioritizing GDPR compliance is essential., , ]