Risk and Compliance Update – 20th November

Risk and Compliance Update – 20th November

In this issue:

Risk & Compliance forecast

Data protection

Financial crime prevention

Business & human rights

Additional Risk & Compliance updates this week

Latest Q&A

LexTalk®Risk & Compliance: a Lexis®PSL community


Risk & Compliance forecast

Our new Risk & Compliance forecast as at 17 November 2020 is now live. This month, we report on issues including (1) AML & CTF; (2) data protection; and (3) crime prevention. You can rest assured we’re tracking forthcoming regulatory changes so you can plan ahead.


Data protection

ICO statement on new EDPB recommendations on international transfers published

The Information Commissioner’s Office (ICO) has issued a statement in response to new recommendations from the European Data Protection Board (EDPB) on international transfers of personal data following the Court of Justice's decision in Schrems II, Case C-311/18 (see LNB News 11/11/2020 75). The ICO says it is reviewing the recommendations published by the EDPB. See: LNB News 16/11/2020 24.

In the meantime, we’ve updated all the tools and guidance in our International transfers of personal data subtopic to reflect the EDPB recommendations.


EU Commission publishes draft SCCs for transfers of personal data outside the EU

The European Commission has published a draft decision and associated draft standard contractual clauses (SCCs) to facilitate international transfers of personal data under the GDPR. The SCCs are also designed to meet the requirements of general minimum terms that must be incorporated into all contracts between controllers and processors or between processors and sub-processors. The Commission is seeking feedback on the drafts until 10 December 2020 (midnight Brussels time).

See: LNB News 13/11/2020 10.


Data protection and data flows—updated Brexit transition guidance from DCMS

The Departments for Digital, Culture, Media & Sport (DCMS) and Business, Energy & Industrial Strategy (BEIS), along with the Office for Civil Society (OCS) and the ICO have published updated guidance on data protection and data flows to help stakeholders prepare for the end of the transition period.

See: LNB News 16/11/2020 108.


ICO tightens approach to data protection enforcement during pandemic

The ICO is allowing organisations less latitude for pandemic-related reasons, in relation to their compliance with data protection rules, judging by updates to two of the ICO’s guid

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