Probably, but that’s not the issue from a corporate perspective. You still transported a company laptop, presumably containing company IP or other confidential information, across an international border. That’s the big sticking point with most corporations due to the rules about search and seizure of said data when crossing borders. Some companies might insist that only prepared clean (essentially empty, not just encrypted) machines can cross borders and you can download the data you need through a VPN once you reach your destination.