If our business is based in the U.S., do regulations in other countries apply to us?

If you do not prevent citizens of other countries from accessing your products or services or providing you with personal information, then likely yes.  
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For example, if you operate a website targeted at customers in Illinois, but you do not prevent people located in Europe from accessing or using your website, you might need to comply with Europe’s General Data Protection Regulation (or GDPR).  We can help you conduct an internal data audit to confirm whether any international data is being collected, and whether any international requirements might apply.