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Are your supplier contracts costing you money?
Posted: 25th November 2024
As a business, do you fully understand how your supplier contracts add or detract value from your business? You know that your suppliers are a critical part of your business but when do you know when they cease to remain so? How often do you sit down and evaluate the value of your suppliers to […]
Fraud in your business? Should you take the criminal or civil route to justice?
Posted: 25th March 2020
Fraud within the corporate environment has been on the increase. What might surprise some is that there is no such thing in law as a business or commercial fraud. There are however types of behaviour and circumstances that give rise to causes of action that are more commonly known as fraud. So, when faced with […]
Cathay Pacific Airways Limited have been fined £500,000 for failure to protect customers’ personal data
Posted:
The Information Commissioner’s Office (ICO) has fined the airline company £500,000 for failing to secure its customers’ personal data. Cathay Pacific’s computer systems failed to implement appropriate security measures which led to the personal data of 111,578 UK residents being exposed and a further 9.4 million people internationally. The personal data exposed included names, dates […]
Business Services Team Update
Posted: 24th March 2020
Following the instruction from our Prime Minister yesterday that we must all stay home to stay safe; never has it been so evident that health and wellbeing is paramount. We take our duty of care to our clients and staff seriously and as such we have adapted our working practices following the outbreak of COVID-19. […]
The EU’s GDPR means that fines are on the rise
Posted: 14th February 2020
There have been over 160,000 data breach notifications across Europe since the GDPR came into force in May 2018 which has resulted in $126 million in fines. The countries to have received the highest fines are France (€51 million), Germany (€24.5 million) and Austria (€18 million). The Netherlands, Germany and the UK are the countries […]
Frozen – NCA freezes over £130M in potential criminal property
Posted: 18th December 2019
The National Crime Agency (NCA) has issued details of the Suspicious Activity Reports (SARs) submitted over the course of the last year. After heavy criticism of the regulated sector for failing to identify and report their suspicions, the result has been an increase in requests from organisations seeking consent to continue to act in circumstances […]
British Airways hit with sky-high fines after GDPR breach
Posted: 17th July 2019
The ICO has revealed that it intends to fine British Airways a hefty £138 million pounds in relation to severe breaches of data protection that has resulted in customers’ personal information falling into the wrong hands! The day after the ICO announced its intentions to fine BA, Marriott International have been informed they too will […]
The key changes to be included in The Fifth Money Laundering Directive
Posted: 10th July 2019
Despite the awaited exit from the EU, the likelihood is that the EU’s Fifth Anti-Money Laundering (AML) Directive will also be implemented in the UK. The changes are due by 10 January 2020 and for the first time will bring Art Dealers and Auction Houses into the regulated sector for anti-money laundering purposes. As law […]
Money Laundering – Are you compliant?
Posted: 27th March 2019
Countrywide Estate Agents have been fined £215,000 for failing to register themselves under the Money Laundering Regulations 2017. The fine was imposed by HMRC and has been the largest fine to date imposed on this basis, thus indicating the seriousness that regulators now approach those not complying with Money Laundering Regulations. It has been long understood […]
Google falls foul of General Data Protection Regulation
Posted: 7th February 2019
Google has been issued with a hefty fine of £50 million by French regulators for General Data Protection Regulation (GDPR) violations, the highest the GDPR fine to date! If you are a business that processes a lot of client information, you should have already made contact with your clients to invite them to ‘opt into’ receiving emailed correspondence from you, with […]
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