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UK and EU risk and compliance: ICO audit framework, FCA Starling fine, OTSI launch, sanctions updates, ECCTA guidance, EU-US DPF review, EU ruling on Russia legal services

Published on: 10 October 2024

Published by a LexisNexis Risk & Compliance expert
Legal News
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Article summary

Risk & Compliance weekly highlights—10 October 2024

In this issue:

  • Data protection
  • Financial sanctions
  • Other financial crime
  • Daily and weekly news alerts
  • Trackers
  • New and updated content

Data protection

First report on the functioning of the EU-US DPF published

The European Commission has issued an assessment of how the adequacy decision for the EU–US DPF is operating, a framework that supports transfers of personal data from the EU to the United States. It concludes that US authorities have implemented all essential elements, including safeguards limiting US intelligence access to data to what is necessary and proportionate for national security, alongside an independent redress mechanism. The review also urges the US and EU authorities to produce joint guidance on key DPF obligations and to make fuller use of the framework’s tools for monitoring participating companies’ compliance. See: LNB News 09/10/2024 57.

ICO launches new data protection audit framework

The Information Commissioner’s Office (ICO) has unveiled a new audit framework to help organisations evaluate and evidence compliance with data protection legislation...

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