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UK and EU risk and compliance update for lawyers: UK Data Bill, AI procurement clauses, AML enforcement, Cyber Governance Code pilot, LSB ethics consultation — 13 March 2025

Published on: 13 March 2025

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

In this issue:

  • Data protection
  • AML, CTF and counter-proliferation financing
  • Cybersecurity
  • Other Risk and Compliance updates this week
  • Question of the week
  • Daily and weekly news alerts
  • Trackers
  • New and updated content

Data protection

UK Data (Use and Access) Bill: initial government revisions on accuracy checks and open banking

MLex reported that, on 4 March 2025, the UK government introduced changes to the Data (Use and Access) Bill progressing through Parliament, with the thrust aimed at supporting economic growth across digital services and open banking. One revision overturns a lawmakers’ amendment that would have required the technology minister to evaluate whether public authorities are consistently verifying the personal data they collect and share for digital verification services. The other measure hands the UK financial regulator authority to supervise and set rules for the open banking framework. See News Analysis: UK Data (Use and Access) Bill sees first government changes on accuracy checks and open banking.

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