The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.
February 28, 2023The proposals include increasing individuals privacy rights and imposing additional obligations on organisations in possession of personal data.
February 20, 2023If issued, the digital pound would be subject to strict privacy standards. It would be intended for payments, non-interest-bearing, and subject to an initial cap on holdings.
February 8, 2023The report sets out the achievements of the FATF under the second year of Marcus Pleyer's Presidency.
February 7, 2023The draft rules strengthen requirements on internal governance, risk management systems, data protection and security controls within banks' custody businesses.
January 4, 2023Further legal advice is needed following the November judgment by the EU Court of Justice, which found public access to UBO information interferes with the right to privacy.
December 30, 2022Anna Gamvros and Ruby Kwok explain the compliance burden businesses face as China’s complex data governance landscape takes shape and the deadline for security assessments looms.
December 16, 2022New report sets out five principles that support the ethical and responsible use of artificial intelligence and machine learning in financial crime compliance.
December 6, 2022The bill will ease India's data localisation requirements, allowing data fiduciaries to transfer personal data to countries that are approved by the government.
November 25, 2022Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.
October 24, 2022