A data subject access request (SAR) is a request made by an individual to any business or entity holding their personal data. It is one of the mandatory processes that falls under the right to access clause in the UK General Data Protection Regulation (GDPR) and Data Protection Act (DPA18). This article will help you […]
Any compliance action is only as good as its outcome! Remembering this is essential if you want to understand how to effectively monitor compliance in your organisation. You can have any number of procedures, systems and monitoring tools in place. However, without defining goals and monitoring the results and outcomes, you will end up with […]
We recently published an article in our quick guide series on how to do an AML risk assessment. In that article we referred to the business areas, functions and activites that should be considered when identifying AML risks. The areas that anti money laundering and financial crime risk can arise from are numerous. We therefore […]
This quick guide article walks you through how to do an AML risk assessment. A business-wide anti money laundering risk assessment is mandatory for firms with obligations under the Money Laundering Regulations. Below are suggested steps and formats that will result in an effective, compliant AML risk assessment. What is an AML Risk Assessment? Articles […]
Compliance should be made as simple as possible because it is a complicated business area. This is true regardless of which sector or industry you work in. Compliance is so much more than just another business function. Adhering to whichever rules, regulations, laws and standards apply to your business is the ‘what’ of compliance. However, […]
There are many reasons for using AML checks online. You may be a landlord wanting to verify the identity of a tenant. Additionally, most employers carry out checks on new employees for verification and to perform background searches. Businesses, especially those in the financial industries, check the current and past financial status of clients. However, […]
Do you work in a compliance role? If so, it will be part of your job to draft and implement policies and procedures. The term ‘compliance’ covers a wealth of functions and activities. However, at its most basic level, it means there are standards, regulations or laws within your business that must be adhered to. […]
Know Your Compliance Limited are one of the UK’s leading providers of business policy templates. We are experts in both policy development and the implementation process. Businesses often need a robust framework of policies and procedures. Some of these are specific to the size, scope and sector of the company. However, many are mandatory requirements […]
Information protected under the UK GDPR is known as ‘personal data’. This quick guide article will explain what that is and give you easy to understand examples. Whether you are a business processing data or an individual whose data is being used, this article is for you! Personal Data Explained Information protected under the UK […]
Whistleblowing is the direct action of disclosing or reporting wrongdoing within a company. It occurs when an individual suspects or has become aware that an illegal, unsafe or unethical practice or activity is taking place. The individual then shares this information with another person, authority or regulator. Legally, the act of whistleblowing is known as […]