GDPR A3 Posters We have now launched 2 new A3 compliance posters in our comprehensive range. Our GDPR Article 5 Principles & GDPR Consent Posters are available to buy now. Both are avaiable separately, or in our duo set which provides a £4 discount against individual purchases. Our exclusive A3 Compliance Posters support your employees […]
Self deliver your own Vulnerable Customers Training Session for just £149 (exc vat)! Pay only once for unlimited training, regardless of how many trainees you have. We utilise PowerPoint so that you can customise your own vulnerable customer training session from our ready to use slides. Why PowerPoint? In today’s digital age, many commercial training […]
FCA to Regulated Funeral Plan Providers From 29th July 2022, the FCA will take over regulation of the pre-paid funeral plan sector. Governance prior to that date has been provided by The Funeral Planning Authority (FPA), who have been regulating providers of prepaid funeral plans across the UK since 2002. The FCA’s main aims when […]
What is A Data Protection Impact Assessment (DPIA)? Data Protection Impact Assessments (DPIA) are a requirement of the UK GDPR. The assessment aids in compliance with the data protection requirements and obligations. It’s aim is to help firms identify the risks associated with data processing and those posed to data subjects. Completing a DPIA is […]
What is Information Security? Given the digital scope of business today, most firms are heavily invested in their Information Security programs and procedures. Ensuring that data, systems and infastructures are safe and secure should be run of the mill and a top priority, regardless of size or sector. Information Security in its broadest sense is […]
What is a Fitness & Propriety Test? The FCA make it mandatory for certain firms to assessing and verify the fitness and propriety of any employee who is (or will be) carryng out a Controlled Function; Senior Management Function; and/or a Certification Function. This requirement ensures that roles posing a significant impact or risk to […]
Regardless of the industry or sector you work in, having a structured and effective Complaints Procedure is an imperative part of good customer service. Most complaint handling procedures follow a similar pattern which include acknowledgments, timeframes, investigation processes and final responses. Some business types are regulated or governed by a professional body and will have […]
Businesses and sole traders with obligations under the Money Laundering Regulations (MLR) are required to be regulated by a supervisory authority. These include bodies such as the FCA, HMRC, The Gambling Commission and certain professional bodies. Businesses operating as an accountancy service provider are overseen by the HMRC and in additon to the MLR obligations, have specific requirements they must comply with.
Where a business has obligations under the Money Laundering Regulations (MLR), they must use a risk-based approach to identify, assess and prevent money laundering. Carrying out an AML Risk Assessment involves several steps, which can include (but are not limited to): –
– Identifying the money laundering risks relevant to your business.
– Completing a company-wide risk assessment which includes areas such as delivery channels, transactions, products/services, customer behaviour etc.
– Assessing the risks associated with your customers.
PECR Breaches So far throughout 2021/22, the Information Commissioner’s Office (ICO) has issued over £1,700,000 in fines for breaches of direct marketing laws. The ICO has powers under the Privacy and Electronic Communications Regulations 2003 (PECR) which enables them to take action to change the behaviour of anyone who breaches the regulation. The regulator’s enforcement […]