The Privacy and Electronic Communications Regulations (PECR) are overseen by the Information Commisioner’s Office (ICO). They work alongside the current UK GDPR and the Data Protection Act 2018 (including subsequent amendments). The PECR sets out specific privacy rights on electronic communications. These include the cookie law, direct marketing by electonic means and online traffic and […]
Anti-fraud policies and procedures make up an essential part of any business’s compliance program. Firm’s have a duty of care to assess the risk of fraud posed to their business and to put processes into place to mitigate these. This article provide information and suggestions for writing an anti fraud policy and the associated fraud […]
FCA Policy Templates and Procedures are the foundation of financial and credit compliance programs. To ensure compliance with the FCA Handbook and supporting Sourcebooks, those authorised by the FCA must meet the mandatory minimum policy requirements. Our experienced team have been working in regulatory compliance for nearly 20 years. We provide more than 6000 organisations […]
What is Financial Crime? Financial crime, as defined by the FCA and FSMA is any kind of criminal conduct relating to money or to financial services or markets, including any offence involving: – (a) Fraud or dishonesty; or (b) Misconduct in, or misuse of information relating to, a financial market; or (c) Handling the proceeds […]
Privacy Policy vs Privacy Notice In data protection programs, the terms privacy policy and privacy notice can often be used interchangeably. In most cases, they refer to the same document, the content of which aims to provide the reader with information about the how, why and what of processing personal data. There are some suggestions […]
Know Your Compliance Limited have one of the UK’s largest portfolio of policy templates and procedures. Ready to use content, whilst also being fully customisable. Our market leading AML Policy Template also contains our highly recommended AML Risk Assessment Template for meeting the regulatory and legislative requirements in preventing financial crime. Our extensive Anti Money […]
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 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 […]
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.
What is a Responsibilities Map? There are numerous mandatory requirements in the FCA’s Senior Managers & Certification Regime (SMCR). Whilst the FCA provide a free template for completing the Statement of Responsibility (SoR), enhanced firms also need a Management Responsibilities Map to support the individual Statements of Responsibility (SoR). The Responsibilities Map template should consist […]