Latest Legal and Regulatory news update - 22 November 2019

Latest Legal and Regulatory news update - 22 November 2019

In this issue, we highlight our Risk & Compliance forecast, e-commerce,  and employment laws.

Risk & Compliance

Commercial

Corporate

Information Law & TMT

Employment

Risk & Compliance
Risk & Compliance forecast

Our new Risk & Compliance forecast (as at 19 November 2019) is now live. This month, we report on issues including (1) AML and CTF; (2) crime prevention; (3) regulation of legal services; (4) competition law compliance; and (5) data protection. You can rest assured we’re tracking forthcoming regulatory changes so you can plan ahead. See: Risk & Compliance forecast as at 19 November 2019.


AML & CTF

The executive secretary of the Financial Action Task Force (FATF), David Lewis, has delivered a speech at the Royal United Services Institute, outlining the context for the forthcoming FATF strategic review. Lewis stated that FATF has identified some positive results among its member states, but that most countries are failing in terms of effectiveness and many are also failing when it comes to technical compliance. Lewis also stated that the current challenge is the implementation of the FATF standards, not the standards themselves, and that the strategic review will focus on how FATF’s evaluation of countries can better promote and enable more effective anti-money laundering (AML) measures and measures to counter financing of terrorism (CFT). See: LNB News 19/11/2019 31.


Data protection

The ICO has published new detailed guidance on special category data, aimed at data protection officers and those with specific data responsibilities in larger organisations, and has also updated its guide to data protection regarding special category data. Ian Hulme, director for regulatory assurance at the ICO, describes special category data as the most sensitive personal data and highlights that the ICO expects controllers to take all necessary precautions to protect this data. A template appropriate policy document is also available. See: LNB News 15/11/2019 17.


Commercial
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About the author:
Allison is a former partner of Shoosmiths, with extensive experience of legal management and practice compliance.