There have been so many amendments made to UK legislation post Brexit. As a result, there has been moutning confusion over which version is the current one. If you are unsure about the Money Laundering Regulation changes post Brexit, this article is for you! The Money Laundering, Terrorist Financing and Transfer of Funds (Information on […]
Learn to write an effective complaint procedure template with the guidance in this article. Complaints are unfortunately a part of any organisation! Having a robust and effective complaint handling procedure is therefore an essential business practice. Some issues are minor and can be resolved instantly, in an informal manner. Others require the use of a […]
As the UK has written the EU GDPR into UK law (UK-GDPR) to be read alongside the DPA18, much of the former Regulation on data protection still applies as written to those processing personal data within the UK. The main area causing some confusion is GDPR Chapter V (Art. 44-50) on transfers of personal data […]
Are your Data Protection Act 2018 policies and procedures still compliant? The GDPR and the UK’s Data Protection Act 2018 (DPA18) have been in force since 25th May 2018. The laws brought with them stronger protections for individuals and their personal data. Much of the DPA18 writes the GDPR into UK law and provides additional […]
The General Data Protection Regulation (GDPR) and Data Protection Act 2018 were enforced from 25th May 2018, introducing stronger, tighter controls & measures for protecting personal data and the rights of individual’s. Our extensive GDPR/DPA18 Audit Checklist has over 140 assessment questions and enables you to assess, review and evidence your data protection compliance and commitement […]
The FATF encourage the full use of a risk-based approach to customer due diligence which is essential in knowing who businesses are working with and on behalf of. Extensive and robust due diligence controls are one of the key measures in identifying money laundering risks and should form a large part of any AML […]
The Information Commissioner’s Office (ICO) have conducted a two-year investigation into the handling and use of personal data held by the 3 main credit reference agencies, Experian Limited, Equifax and TransUnion. The ICO found data protection breaches within all 3 agencies citing “significant ‘invisible’ processing took place, likely affecting millions of adults in the UK”. […]
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The GDPR (and the DPA18 which writes this Regulation in to UK law) sets out under Article 5 the principles that relate to the processing of personal data. These principles can be condensed into: – Lawfulness, fairness and transparency Purpose limitation Data minimisation Accuracy Storage limitation Integrity and confidentiality Paragraph 2 of Article 5 states […]
Will the UK have a deal with the EU before October 31st? As of writing this post the answer is still uncertain and so it is essential that firms of all sizes with obligations under the GDPR ensure that they are fully compliant with the Regulation. The UK Government have already confirmed that the GDPR […]
Carrying out effective and compliant due diligence is not just for businesses with obligations under the Money Laundering Regulations 2017 or for those authorised or supervised by the FCA or HMRC. Most firms will be required to complete due diligence on suppliers, customers and/or employees to meet business and sometimes legal obligations. It is essential […]