U.S. fund managers face a host of federal and local regulations, along with aggressive enforcement by the SEC and other regulators, all of which make developing an effective compliance program essential. When managers operate abroad, those challenges are multiplied. A recent webinar sponsored by ACA Compliance Group (ACA) offered perspectives into the challenges of structuring a global compliance program; developing global compliance standards; and ensuring proper program staffing, monitoring, oversight and testing. The program was moderated by ACA consultant Matthew Girandola and featured ACA partner Alan K. Halfenger and David Owen, managing director and global regulatory counsel at Allianz Global Investors. This article summarizes the key points raised by the panelists. For additional commentary from ACA, see “A Roadmap for Advisers to Comply With Marketing and Advertising Regulations”: Part One (Aug. 3, 2017); and Part Two (Aug. 10, 2017).