Risk & Compliance weekly highlights – 14th January 2022

Risk & Compliance weekly highlights – 14th January 2022

Data protection

Financial crime prevention

Trackers

LexTalk®Risk & Compliance: a Lexis®PSL community

Virtual networking and forum events


Data protection

Cabinet Office appeals data breach fine

MLex: The Cabinet Office, the UK government department responsible for managing the Prime Minister’s affairs, is appealing a fine it received on 2 December 2021. The Information Commissioner’s Office fined the Cabinet Office £500,000 for publishing the postal addresses of celebrities and public figures.

See News Analysis: Cabinet Office appeals data breach fine.


Financial crime prevention

Foreign, Commonwealth & Development Office publishes change to UK Sanctions List

The Foreign, Commonwealth & Development Office (FCDO) has announced the change of the UK Sanctions List's format, as of Februrary 2022.

See: LNB News 11/01/2022 31.


UK Finance blog discusses environmental crime and thematic sanctions

UK Finance has published a blog discussing whether environmental crimes could be a possible thematic sanctions area. Although the focus is currently on environmental crimes as a risk to supply chains and the links to money laundering, the author argues that the ‘old world’ of anti-money laundering and sanctions operating in silos is being broken down.

See: LNB News 12/01/2022 93.


European Commission amends list of high-risk third countries with strategic deficiencies under MLD4

The European Commission has adopted a delegated regulation identifying high-risk third countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes. The new regulation adds some countries which have been identified as having strategic deficiencies and removes others that no longer present strategic deficiencies.

See: LNB News 12/01/2022 50.


OECD offers upgraded foreign bribery toolkit, but will recalcitrant countries use it?

MLex: The Organisation for Economic Co-operation and Development’s (OECD’s) Working Group on Bribery in International Business recently updated 11-year old guidance with provisions that encourage members to use new tools to crack down on foreign bribery and better protect whistleblowers. While the revisions give the OECD's Working Group a wider base to push for reforms by lagging members, it may yet have its work cut out to win results, not least because it can’t compel them.

See News Analysis: OECD offers upgraded foreign bribery toolkit, but will recalcitrant countries use it?


Five questions the AG’s SFO investigation must consider

Law360, London: The fate of Britain’s Serious Fraud Office (SFO) and its top official rests on the outcome of an investigation by the government’s most senior law officer into an appellate judgment quashing the bribery conviction of Unaoil executive Ziad Akle.

See News Analysis: Five questions the AG’s SFO investigation must consider.


Tracker

Lexis®PSL Risk & Compliance has a dedicated area on the Key Resources section of the home page that tracks interesting and important cases, legislation, consultations and other key developments in the world of Risk & Compliance. For more information, see Risk & Compliance forecast as at 14 December 2021.


In-house resources, events and networking

Networking and forum events

26 January 2022

The effective leader—how to lead amid disruption and complexity

Register now to attend

This free-to-join forum brings together in-house lawyers working solo or in smaller teams to network and learn from one another. It is a chance to connect, debate topical issues and stay ahead of the latest regulatory and legal commercial updates for legal teams. Held in partnership with Flex Legal, Radius Law and Crafty Counsel.

Various dates

LexisNexis® Aspire Forum for Junior In-house Lawyers

To register your interest in joining the events, sign up as an Aspire member today

Aspire is a professional development and networking forum for junior in-house counsel. We have several events planned for the new year to continue supporting you through these uncertain times and provide a platform for you to connect with your peers. Events take place at the same time each month, from 5pm to 6.30pm.

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