Practice Compliance weekly highlights—15 October 2020

Table of contents

• Data protection
• UK’s EU data adequacy decision uncertain as talks bog down
• AML and financial crime prevention
• Director of SFO considers future challenges in economic crime
• Law Society strongly opposes economic crime levy on AML regulated businesses
• OFSI’s annual review shows increase in reporting of breaches
• Report finds significant decrease in active enforcement against foreign bribery
• Reports of breaches of UK sanctions reach almost £1bn
• The role of Companies House in the fight against economic crime
• Coronavirus

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Article summary

This week’s edition of Practice Compliance weekly highlights includes analysis of recent cases on employers’ vicarious liability, a report on the proposed new Whistleblowing Directive, a warning on the risk of cybercrime during the coronavirus (COVID-19) pandemic, reports of uncertainty about the prospect of the UK being granted an EU data protection adequacy decision and lots of activity in the financial crime prevention sphere.