Risk and Compliance Update – 24th December

Risk and Compliance Update – 24th December

In this issue:

Data protection

Financial crime prevention

Cybersecurity & cybercrime

Additional Risk & Compliance updates this week

Brexit coverage over the festive period

Latest Q&A

Risk & Compliance Highlights 2020/2021

LexTalk®Risk & Compliance: a Lexis®PSL community


Data protection

New Brexit transition guidance and guidelines for UK BCRs from the ICO

The Information Commissioner’s Office (ICO) has published new guidance on keeping data flowing from the EU lawfully from 1 January 2021 to help stakeholders prepare for the end of the transition period and beyond.

The ICO has also published new guidance on the use of Binding Corporate Rules (BCRs) following the end of the Brexit transition (or 'implementation') period.

See: LNB News 22/12/2020 142 and LNB News 17/12/2020 151.


ICO publishes Code of Practice on responsible data sharing methods

The ICO has published its Data Sharing Code of Practice, which is designed to advise organisations on responsible data sharing methods. The ICO has also launched a data sharing information hub, to complement the code, which includes case studies and data sharing FAQs and checklists.

See: LNB News 17/12/2020 175.


ICO announces webinar on understanding Age Appropriate Design Code

The ICO has announced it is holding a webinar on 14 January 2021 about the Age Appropriate Design Code, or Children’s Code which is a new code of practice. This code aims to consider the best interests of children in relation to online services. The webinar will discuss the 15 standards, how they can be met, who it applies to and implications of the code for organisations and sectors. In order to answer any questions, members of the ICO’s Children’s Code team will be made available.

See: LNB News 22/12/2020 43.


Processing ‘criminal offence data’

John Gollaglee, partner and David Cook, legal director of the DLA Piper contentious cyber security and data protection team discuss new guidance issued

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