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Cyber threats and the GDPR
Posted: 17th May 2018
Cyber attacks Throughout the course of the last year, we saw a number of cyber threats and ransom driven hacks on large scale databases. In fact this time last year, the WannaCry ransomware was wreaking havoc in the NHS database, amongst others. In a matter of days, the General Data Protection Regulation (“GDPR”) takes effect […]
The right to be forgotten triumphs over Google
Posted: 4th May 2018
The right to be forgotten The right to be forgotten is essentially being entitled to having actioned your request to have your personal information removed from the search engine. The latest Google transparency report has confirmed that 89% of such requests are made by individuals. Google’s previous stance Previously, Google has objected to requests for […]
Are you ready for the GDPR?
Posted:
With a little under a month until the General Data Protection Regulation (“GDPR”) becomes law in the U.K., we again outline the who, what, where, when and why to help you to achieve compliance and continue not to fall foul of the Regulation after its implementation. Who the GDPR applies to? The GDPR will apply […]
Are employers liable for employee’s data protection breaches?
Posted: 29th January 2018
On 1 December 2017, the supermarket Morrisons was found vicariously liable for the actions of a disgruntled employee, who posted personal data of almost 100,000 employees on a file-sharing website. The claim was brought by over 5500 employees and is indicative of the potential group litigation claims that companies could increasingly face when the General […]
Money Laundering Regulations 2017 Change: an Independent Audit and staff screening
Posted: 10th August 2017
Are you compliant? For the first time, estate agents as a regulated business have to consider establishing an independent audit function to ensure that their compliance is adequate and effective. So, does this apply to you? Regulation 21 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR) […]
Government committed to updating and strengthening existing data protection laws
Posted: 8th August 2017
In a statement of intent the Government has committed to updating and strengthening existing data protection laws via the introduction of a new Data Protection Bill. The Bill will implement the European Union General Data Protection Regulation (GDPR) and will replace the Data Protection Act 1998. Under the plans individuals will have more control over […]
Recruitment Manager fined for illegally sharing applicant’s personal information
Posted: 4th August 2017
The Data Protection Act 1998 (DPA) applies to the “processing” of “personal data”. Pursuant to section 1(1) of the DPA “processing” includes obtaining, recording, holding, using, disclosing or erasing data and “personal data” is data relating to living individuals who can be identified from such data for example; names, addresses, telephone numbers, job titles and […]
Tribunal order HMRC to reduce Penalty
Posted: 17th July 2017
In 2013, Jackson Grundy Ltd, an estate agency across Northamptonshire, was fined £200,000.00 for breaches of Customer Due Diligence under the Money Laundering Regulations 2007 (as amended). There was never any suggestion of money laundering. However, certain administrative tasks and procedures were not consistently in place across some of the branch offices. It was therefore […]
Corporate transparency – the requirement to report on payment practices and policies from 6 April 2017.
Posted: 14th June 2017
The last few years have seen a step forward in corporate transparency with a requirement to register the beneficial owners of companies on the Register of People with Significant Control (PSC) as well as make statements regarding the Modern Slavery Act. On 6 April 2017, the reporting on Payment Practices and Performance Regulations 2017 came […]
FRC Practice Aid for Audit Committees – May 2015 update
Posted: 19th August 2015
For accountants, bankers and audit committees in general there is new guidance from the Financial Reporting Council (FRC) which affects their audit responsibilities. These changes will also impact anyone who has audit and/or corporate governance responsibility within their organization or for clients. We have many larger corporate clients for whom this is an important accountability […]
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